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  1. #1
    Join Date
    Sep 2010
    Posts
    478

    Default Re: Pension Loan

    Quote Quoting pg1067
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    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.

    Des.

  2. #2
    Join Date
    Jul 2018
    Posts
    2,745

    Default Re: Pension Loan

    Quote Quoting despritfreya
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    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.

  3. #3
    Join Date
    Sep 2010
    Posts
    478

    Default Re: Pension Loan

    Quote Quoting pg1067
    View Post
    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.

    Des.

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