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Old 06-22-2009, 05:18 AM
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Esqmommy
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I'm a lawyer, although I do not practice bankruptcy law - just family law (divorces, custody, etc). I think that you have to value items over a certain amount. For example, if you purchased a sewing machine for $2500 with a credit card in the past 6 months, then the trustee would probably have the authority to sell it in order to recapture funds for the BK. I would ask your lawyer general questions about personal property, what you can keep and how things are valued. For example, would the trustee value a computer or sewing machine at garage sale value (most likely) or what? I really do not think you have ANYTHING to worry about. It is very important that you do not hide anything or try to put one over on the court (that's called perjury), but I also don't think the items you described, unless purchased in the past few months on a credit card, are going to become issues at all. I have had multiple clients claim BK and really the issues are the debt, the house and the cars.
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