We've got four vehicles which are going to put us over the allowed exemption amount. If we sell two - and document that all $ are used on living expenses (we still owe some pretty hefty medical bills), and then trade in one towards a newer vehicle - are we doing everything right? Just don't want trouble down the road. We don't intend on filing until August or September - just trying to get all my ducks in a row now.
The one that we're trading in is worth on KBB $4000. It has some fixable but pretty significant body damage on it, so selling it through a private party sell is most likely not happening without us getting the body damage repaired. I doubt a dealership is going to give us anything near that amount for the trade-in either. So is this going to look off to a trustee?
The one that we're trading in is worth on KBB $4000. It has some fixable but pretty significant body damage on it, so selling it through a private party sell is most likely not happening without us getting the body damage repaired. I doubt a dealership is going to give us anything near that amount for the trade-in either. So is this going to look off to a trustee?
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