top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Selling a vehicle

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Selling a vehicle

    I was wondering how long I would have to wait to file bankruptcy if I sold a vehicle to catch up on my mortage payments and do some repairs around the house.

    Thanks

    #2
    The big thing with selling stuff before BK is making sure you sell them for fair market value and don't go paying off one creditor with the proceeds, especially friends and family. Use the money for living expenses as you said.

    There is nothing wrong with selling stuff for cash to live on.
    3/2/09- Filed: chapter 7 / No asset
    4/1/09- 341 Hearing: 1 creditor showed up Got to love family feuds
    4/2/09- Trustee Report of No Distribution Filed
    6/24/09- Discharged and case closed

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X