Chapter 7 and Possessions

[snappy1]

What is the name of your state? Georgia

I am in the Atlanta, GA area and considering Chapter 7. To anyone who has been there, in any state for that matter, what is the actual process for determining personal property? I own no home or land and sold my car 2 years ago. How do they know what you own and what you don't as far as the rest of your possessions? is there a court appointee that comes to your home? other than what you tell them how do they know what you own or how do they decide what is sold?

Thanks.

 

[Ladynred]

No one comes to your home. You list ALL of your possessions on your bankruptcy schedules. You are swearing under penalty of law, that what you put on your schedules is the truth. You value your belongings at garage sale prices. If it all adds up to more than the allowed exemptions for your state, then the Trustee can take what is non-exempt. However, what they're really looking for is big ticket items that will net them some cash to pay your creditors.