Flyingron,
I am sorry if I sounded as if I am not listening, I simply wanted to put it in words both I and my wife can understand. Your response was a bit rude... I am sure you can recognize this is a tough time and I am doing everything in my power to secure my families financial future.
Again, If I understand what you said (truly trying to understand): I have a company that I stated is worth 14k. Since I can only exempt 7 K of that, the trustee will ask me to give him(creditors) 7k. Since i don't have any assets other than the company, I will have to pay myself 7k and give that money to the trustee. Does that sound right?
Another line of questions if you can help.
My wife is the broker. If an agent sells something they get a split of commission.. Rest goes to company for bills, paying their insurance, memberships etc.
Question #1 - Does Trustee have any claim to money earned by agent's, or the commission the company get's for one of their sales?
My wife is the broker, but she also sells too. When she sells something, we have always just put the money in the account and pay bills with it. She is NOT paid per deal, she get's a monthly amount for salary (owner draw). Since we filed in Aug, she has had 3 closings with about 4k of commission.
Question #2 - Does Trustee have any claim to this money?
At first my lawyer said no to both questions, now he doesn't know. he is going to call the Trustee and ASK.
Question #3 - Shouldn't he know?
Again thanks in advance!

