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Car I claimed on my Means Test, can I sell it now?

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    #1

    Car I claimed on my Means Test, can I sell it now?

    I claimed three cars on my means test and I would like to sell one of them or give it back to the bank as I didn't reaffirm.

    When would a safe time be to do this after 341? or after discharge?
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    #2
    I wouldn't rock the boat. Wait until after the discharge.
    Stopped paying CCs 1/10 | Stopped paying mortgages 2/10 | Interviewed attorneys 3/10-5/10 | Retained attorney 5/14/10 | Delivered paperwork to attorney 6/17/10 | Filed Ch7 7/9/10 | 341 8/16/10 | Objection Deadline 10/15/10 | DISCHARGED 10/20/10

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      #3
      Sounds like the way to go. Thanks...

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        #4
        While 98% of the time it MIGHT slip under the radar after the 341, doing so will put you at odds with the Trustee. The Trustee "owns" you during the Ch 7 process, and until discharge you would be selling an asset the Trustee technically owns.

        Like I said - 98% of the time this might go unnoticed...but you really really REALLY don't want to be in the 2% Club. Really. And a third car is just the type of asset that would draw attention for an audit.

        As above - wait until after discharge. No rush. Or, ask the Trustee for permission.

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