Sold truck to pay atty fees and sec.deposit

[bktmom28]

I am just wondering if anyone has gotten in to trouble when they sold something to pay for something. We sold my husbands truck last month to pay our $2700 atty fees and court costs, to pay for our $2000 sec dep and 1st months rent as we are surrendering our house and to buy and $800 truck for my husband to get back and forth to work. We are WAYYYY below the median income for a family of 5 in our state, and our attorney told us it is fine as long as we sold the truck for FMV, which we did, and can account for how we spent the money. I am just afraid that they will go after the kid who bought our truck and I am just making sure that we didn't do anything wrong. Our attorney included everything in our petition and didn't seem to think that we would be in trouble. We pretty much have a no asset case, with the exception of our house which, like I said, we are surrendering to the 1st and 2nd mortgage companies.

[Tbornetun]

It shouldn't be an issue. The funds were used to pay for necessities of life which in the case of a bankruptcy filer would include attorney fees.

[Michigan1951]

about a month after we filed, we pulled out rotting 4x6 utility trailer out of the backyard to fix it up to get ready to haul stuff back to our home AFTER the T takes back our travel trailer. now is the T going to want the fixed up 4x6 trailer as an asset? we put 300 in it to get it back on the road, but didn't list it when it was a rotted out pc. of junk at filing.
we don't have a truck anymore that pulled the travel trailer either since we got rid of that months ago so we don't have a way to get the stuff from the trailer back home.

[bktmom28]

about a month after we filed, we pulled out rotting 4x6 utility trailer out of the backyard to fix it up to get ready to haul stuff back to our home AFTER the T takes back our travel trailer. now is the T going to want the fixed up 4x6 trailer as an asset? we put 300 in it to get it back on the road, but didn't list it when it was a rotted out pc. of junk at filing.
we don't have a truck anymore that pulled the travel trailer either since we got rid of that months ago so we don't have a way to get the stuff from the trailer back home.

In my opinion, I wouldn't think so. If it isn't registered, then how do they know you have it?

[backtoschool]

I sold a computer to help pay for my attorney's fees. A lot of people filing bankruptcy sell things to meet their expenses. It will not be an issue as long as you spent the money on necessities.

[aljohnson007]

Why didn't you just stay in your house until it foreclosed and the bank told you to leave? The way foreclosures are going, you may have lived there rent free for up to a year.

[wantout]

I have sold a few items to pay my attorney, I was told it was not a problem, just dont deposit the cash into my checking account.

[bktmom28]

Why didn't you just stay in your house until it foreclosed and the bank told you to leave? The way foreclosures are going, you may have lived there rent free for up to a year.

Well, for one, our attorney told us that we would have to account for what we were spending that money on since we weren't paying our 1st and 2nd mortgage, and second of all, we just didn't feel right doing that. I am sure that we could have, but we have outgrown the house as it was our 1st home and we are now a family of 5 living in a 2 bedroom 1 bath house that has depreciated by about 60K in the past year, so rather than fight with the bank after being denied a loan mod, we decided to surrender it and put the money towards a home that accomodated us for half of what we were paying on our mortgage, which was all going to interest anyway. We just needed to be done with it.