You are you viewing the Bankruptcy Forum as a guest (limited viewing).
Don't have a BKForum account yet?
Please REGISTER (it's FREE & takes 30 seconds) so you can post your own questions and see all the features available to registered users.
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.
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