Practically, I understand that perhaps a trustee may not decide to sell property unless the value of the non-exempt portion, after the costs of storage & sale are deducted is high enough to make it worth the trustees while.
For example, the Fed bankruptcy exemption is $ 3225 for a vehicle (but where can one get a vehicle for that amount these days!).buying a vehicle for $ 10225( a $7K diff.) would it possibly be worth the trustees while to get his 25% ($1750 commission not to sell the property? I know this is a "judgement cal, but does anyone know if there is a "rule of thumb" as to where, expressed as a dollar amount or percentage where generally & empirically there exists a "decent" amount remaining for unsecured crs. to generate a "decent" commission for the trustee? Thank-you!