Comments on: Unintended Consequences in Estate Planning http://mcleodlawoffices.com/2009/07/unintended-consequences-in-estate-planning/ McLeod Law Offices, Boston, Massachusetts. Consumer Bankruptcy, Business Bankruptcy, Litigation: Bankruptcy, Consumer & Debt. Fri, 11 Mar 2011 03:01:18 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: CfromOH http://mcleodlawoffices.com/2009/07/unintended-consequences-in-estate-planning/comment-page-1/#comment-518 CfromOH Tue, 18 Aug 2009 21:50:28 +0000 http://mcleodlawoffices.com/?p=928#comment-518 I am in a similar situation. 1/5th interest w/3 siblings and mother(in assisted living - Alzheimer's). Spouse and I filed Chapter 7, and did include this asset. The property is in a Land Contract w/a completion date of 12/09. The trustee at Hearing asked and we disclosed all info about mother, etc. Now (2 months later) they sent me a Notice of Need To File Proof Of Claim Due To Recovery Of Assets and I am named as Creditor on the "Proof of Claim" form. None of the family intended to receive this money for anything other than to care for our mother, not to mention the property probably won't be sold since the market isn't what it was 3 years ago when the LC was signed. This is open until 9/30/09. We just want to receive our final notice from Chapter 7 AND protect our mother! I am in a similar situation. 1/5th interest w/3 siblings and mother(in assisted living – Alzheimer’s). Spouse and I filed Chapter 7, and did include this asset. The property is in a Land Contract w/a completion date of 12/09. The trustee at Hearing asked and we disclosed all info about mother, etc.

Now (2 months later) they sent me a Notice of Need To File Proof Of Claim Due To Recovery Of Assets and I am named as Creditor on the “Proof of Claim” form. None of the family intended to receive this money for anything other than to care for our mother, not to mention the property probably won’t be sold since the market isn’t what it was 3 years ago when the LC was signed. This is open until 9/30/09.

We just want to receive our final notice from Chapter 7 AND protect our mother!

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