What if I sold Private Stock and need to spend the money?

[frogger]

Spending 30k in 3 months could prove to be interesting. It may be interesting enough to the trustee that you get to buy that car, commercial mower & trailer, and other items twice. Once from the store, and the second time from the trustee if you can't exempt them. You need to plan very carefully....

[angles]

I spent down some of my $$ by purchasing faucets, lights, etc for my home but be careful so that all that is exempt in your state because it could increase the value of your home. I also purchased new tires for the car (tire prices have doubled in the last four years BTW), spark plugs, brake pads, and typical wear items. And I had lots of dental work. I think I funded my desist college fund for his kids this year...

[tcreegan]

Hi AmericanguyC, Welcome aboard, fellow Coloradoan here...

The 10K in the car would work if you are filing jointly w/ spouse. By yourself, only 5K would be exempt.

Need any dental work?

Tom in Colo

[AmericanGuyC]

I am fortunate that I received almost $30k from a private stock sale. I am in CO and having trouble finding ways to spend it. Here are some options that I are real, but don't get me close enough to the $30k. I am also about 3 months away from filing and have spoken to several BK attorneys.

$10k - newer car
$2k - Taxes, title, yr of insurance for newer car
$2k - furniture (have garage sale stuff now)
$1k - Make our master bathroom usable (has been gutted for 3yrs)
$1k - Insulate our House
$1k - Get a real dryer and 220v outlet to replace the nearly broken 110v dryer we have
$2k - Replace broken countertops and reface cabinets (two are broken), fix kitchen floor
$2k - pay Attorney fees
$10k - Lawn mowing equipment (Trailer and two riding/standing commercial mowers - we as a family do this to make extra money during the summer months)

Does this sound reasonable?