Carballo Law Offices | Tony E. Carballo
As long as the trustee needs to give notice to the creditors, give time for claims to be filed by creditors, hire an attorney to handle the matter and distribute the proceeds you paid for the truck. You can expect that it will take about six months after the notice of dividend to the creditors. Since you already got the discharge it doesn't really matter much to you. The case will be closed by the court after the trustee files the required reports after paying the dividend to the creditors. Some Chapter 7 cases remain open for years but the trustee wants to close the case as soon as possible since he/she wants to be paid the commission on the assets recovered. Therefore, there is an incentive for the trustee to do what he or she needs to do as soon as possible.
Answer Applies to: California