Stipulation....

Question:
My lawyer prepared the stipulation and faxed to the trustee, the lawyer also called the trustee and the trustee is prepared to sign it this week. What does that mean exactly...what's stipulation and how does that work... and since trustee told my lawyer that she's prepared to sign it. My case is...the house is due to be "closed" on April 30th so that means trustee approves it? and trustee won't touch the money since it's still part of Colorado $45,000 exemption of equity (the equity is wayyy below that so that's not a problem) Is there anything I should be worried about? I have to move out right before April 30th, how do I answer to the trustee when the trustee asks in mid-May "name, SS number, address where you live..." how do I response to where I live? (the filing date shows the house address, by the time 341 meeting comes up, I would've moved to an apartment.

Answer:
A stipulation is just an agreement between two parties. It can contain anything. It appears that this stipulation is one allowing your house to be sold notwithstanding the bankruptcy, but I would be certain to review with your attorney exactly what it provides for and what will happen to the proceeds. As far as how you answer the question about where you live, just give your then-current address.





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