Working, Filing, Can Anyone Explain Trustee Aspect?

Question:
I lost my job in Nov. Was unemployed for 10 months. Was a computer tech. Now I mop floors. My current debt is about $30,000. My current salary is $480/wk. I realize I'm not going to be eligible for a Chap7 since I'm working. I live in NYC. I live in a studio apartment. No major assets. Just clothes, furniture and a computer. I'm worried about the process in which an asset trustee determines what you own and what can be taken (I read the exemption list). I guess my question is...does anyone actually come to your house to inventory what you have? If so, is it an announced inspection? I want to do the right thing (I think I proved this by not declaring during the 10 months I was unemployed...I waited until I was able to get a job then I went to see a lawyer). Anyone know if I should worry about someone "dropping in" on my at my studio apartment to inspect/inventory?

Answer:
Why would you say that? The vast majority of my Chapter 7 clients are working. I filed last week for a doctor who makes $150,000 a year, and he still qualifies. Normally, most people keep everything they have. While the Trustee can do this, it is very rare. In most cases, only where the Trustee suspects fraud would this be done.





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