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    Selling assets for cash

    I have about 4k in vested stock that I was not selling prior to bankruptcy. Due to a car accident, car repairs and other living expenses we need that money.

    The attorney said it's fine to case out and use just not on luxury items which I don't plan to. I've read the same advice but wanted to see if anyone had any advice.

    I would use on car repairs, utility payments and food.

    If possible not a luxury (less than $200) on a hotel during spring break for us and child - 1 night just a few hours away but if this is too much I won't.

    Thoughts? We are filing by end of the month.

    #2
    You say that you talked to your attorney, and to use it for necessities is never an issue. Get your car fixed, pay your attorney, feed, clothe, and house your dependents. Personally I don't see any issue with entertainment since it's an allowed expense so long as it's not extravagant. Did you ask your attorney the same question?
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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      #3
      Thanks. No as I thought of it after. I assume it's fine as well just tend to overthink

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