Selling real estate in Chapt 13

[beachchick]

I am in 3rd year of 5 year Chapter 13, if I sell a rental property now do I get to keep the proceeds from the sale or does it go to the bankruptcy trustee? thanks....

[andy158]

I posted a similar question here a while ago and it is my undersanding that any capital gains will go to the trustee and your plan would have to be modified for the exclusion of the rental income. There is no advantage in selling anything substantial while in bk13.

I have a rental unit that is fast becoming an anchor for us and cannot afford two major repairs needed on it. Still occupied, but just breaking even. Hope I can stick it out for four more years.

[ColoradoBell]

I wonder if a lease/option might solve the problem?