Can I sell some of my non exempt stuff?

[AngelinaCatHub]

I declared a couple of guns in my personal stuff. It was over the exempt limit so the Trustee has given permission to buy my own stuff back at $5400 and $450 a month. Can I sell off one of these items, like the gun, and use that money for bills, pay towards the $5400, lawyer, or anything I choose since I am buying my own stuff back?

BTW I am AngelinaCat's husband. She wants me to have my own nick. Yes we are having trouble as our super lawyer did not list a known mortgage we sold four months before 7 as we intended to file 13. She said, well, you don't have the Mortgage, you don't have the money (used for debts) so you don't have it as an asset, so now we are under investigation. OH WELL!

[HHM]

No, you can't just sell them. The items are technically part of the BK estate, so in essence, they have a lien on them. If you do not make the payments, the trustee must be able to take possession of the property.

If you really don't want the items, simply turn them over to the trustee and lower, or get rid of the balance owed to the trustee. You only have to pay the trustee the $5,400 if you want to keep the items, if you don't want them or would sell them anyway, turn them over to the trustee and be done with it.

[JRScott]

As HHM says, don't sell the non exempt property. If necessary turn it over to the trustee, especially if this money to keep them is causing you to fall short on meeting life's necessities.

[CindyLou]

I know this is off subject, but AngelinaCatHub, I love your screename!