Sold the truck, now what to do with the cash?

[delphinus317]

I intend to file CH7 in the next few weeks. I got the ok from my attorney to sell a truck prior to filing as long as I claim the remaining cash on hand when I file. There are a few things that I will be spending some of the cash on prior to filing & I'm just wondering if these items will raise any flags or if they'll be considered "necessary". Here's the breakdown:

Sold truck for $6,000

$1,000 - BK Attorney (at time of filing)
$750 - Divorce Attorney Retainer
$1,200 (approx) - Auto Maintenance, New Brakes, New Tires
$250 - House Appraisal
$400 - Clothing for kids
$400 - Groceries

That'll leave $2,000 which I will claim under the exemptions with the hope that the appraisal comes back lower than what Zillow says (I was a real estate agent & I believe Zillow has my house valued higher than it should be).

Thoughts? Thank you!

[IamOld]

I think that should be fine...as the others would say, just keep receipts!!! just in case.

[AngelinaCatHub]

I think that should be fine...as the others would say, just keep receipts!!! just in case.

Greetings IAO. Yes this is good advice, and your choices all fall within the realm of exempt. Another suggestion, would be to purchase long term storable foods. Coffee (barter) soaps, paper products, all this stuff you would normally use. Buy on todays prices for tomorrows troubles. Best wishes. 'Hub

[IamOld]

hELLO Hub!!! (not to go off on a tangent, but I really wish I could start doing the stockpiling...food is so expensive anyway...)

[delphinus317]

Thank you for your replies! I'll add stockpiling non-perishibles to the grocery list. Thanks!

[keepmine]

Here are some other thoughts. Needed home repairs as well as repairs or replace appliances.
Take the family to the dentist and get eye exams all around.

[delphinus317]

keepmine... Yes... I need a new stove! Mine is on it's last leg... Dishwasher isn't looking to good lately either. And, really, that would be OK?

Thank you!!