I disagree with the "and will" part of this. Just because the trustee can do it doesn't mean he/she necessarily will. Bankruptcy trustees ignore low-hanging fruit all the time.
Been doing this for over 30 years. I have never seen a trustee "ignore low-hanging fruit" when that fruit amounts to $20k but, great minds can differ.
Been doing this for over 30 years. I have never seen a trustee "ignore low-hanging fruit" when that fruit amounts to $20k but, great minds can differ.
Happened to me earlier this year, and I've seen it happen multiple times over the past 20+ years. It's possible that the trustees where I live/practice are more lax than those where you live/practice.
Happened to me earlier this year, and I've seen it happen multiple times over the past 20+ years. It's possible that the trustees where I live/practice are more lax than those where you live/practice.
That's pretty sad. Wonder how many of those trustees have contacted their bonding company due to the breach of their fiduciary duty to creditors.