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Chapter 7 trustee determination periodI have recieved my Chapter 7 discharge July 2008. How long does the Trustee have to review assets and determine if he can liquidate them. No one seems to know if there is a time limit or not. We may need to move for my work and the Trustee still hasn't filed any reports one way or the other so I'm not sure we can sell our house and move. Attorney answers (1)
Reputation Level 9
Answered about 3 years ago.
Bankruptcy Attorney in Salem, NJ.
I have had these situations drag out for over a year. Some trustees are more agressive than others. The US Trustee will require the trustee in your case to file a status report periodically, so you should see some movement in a few months. I do not believe there is any specific time period.
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