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Letter from BK court, what does this mean?

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mack14

Junior Member
What is the name of your state?IN
Had the 341 meeting the first of April, no asset case, just got this in the mail today. Order in no asset case.
In reliance upon the trustees report of No Distribution, the court finds that the property of the estate, if any, should be abandoned and that secured creditors with nonavoidable, perfected security interests in any such property, should be granted limited relief from the automatic stay as more specifacally set hereinafter.
Therefore, it is ordered that the scheduled property of the estate, if any, shall be, and hereby is abandoned; and it is
Furhter ordered that secured creditors with nonavoidable, perfected security intersts in any such property shall be, and herby are, granted relief from the automatic stay to pursue their valid claims against such proprty in accordance with applicable law; and it is
Finally ordered that the trustee is hereby discharged of his/her trust in the above-captioned case
The auttomatic stay remains in full force and effect except as specifically set forth herinabove.

Again, national law firm, and I couldn't get anyone to pick up the phone. I just don't know what it means. The dealine for creditors to object was yesterday, but this letter was dated the 31st of May??? I thought I would be getting a discharge notice this week. Is this a discharge notice?
 


Ladynred

Senior Member
It means that you have no assets to sell to give to creditors, the Trustee is 'abandoning' your estate (because there's no assets) and now you're just waiting for your discharge. If you have any secured debts, like house or car, that you are behind on, then they are now allowed to move forward with any action against you, such as forclosure or repossession.

If you've received no notice of objections, then you probably will get your discharge papers soon.
 

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