(1)   Chapter 7 Trustee - The purpose of the trustee is to get money for the debtor’s general unsecured creditors. The trustee does this by basically becoming the owner of everything that the debtor owns, except for the exemptions which have been afforded to the debtor by Florida Law. Florida Exemptions

    (2)   No Asset Case – Most chapter 7 debtors have a “No Asset Case,” which means that there are no assets from which the trustee can distribute pro-rata to general unsecured creditors.

    (3)   Asset Case – If the value of the debtor’s assets exceeds his allowable exemptions, the excess value becomes property of the bankruptcy estate. The trustee will file a Motion to Turnover Property of the Estate, but the last thing the trustee wants is the debtor’s property. In reality, the trustee wants the debtor to “buy back” those non-exempt assets. After all, the debtor values those assets more than anyone, and it is much easier for the trustee to store cash in a bank account than store the non-exempt property.