Selling Classic car before BK

[Overmylimit]

69 Vette, L46, 350CU/350HP, T-Top, 4 speed...frame off restoration. All matching #'s...power windows, brakes etc.
Paint job alone was 10K and 58,000 original miles on her

How much? I know some heavy collectors...I have a Camaro frame off. And I'm not lettin it go.

[lrprn]

I beg to differ with HHM on this point. In our case, income was defined as "money received from all sources". Money gained from the sale of an asset (even on craigslist) absolutely can be counted as income.

Yes, but only if the asset sale is within the six month look-back period before filing.

Sounds like the OP may be able to sell the car then wait the six full calendar months out to file so the $35K doesn't add into their income. Also their financial situation may be that $35K added to their current income will still allow them to file Ch 7.