Car sale too close to filing?

[sscott4775]

Hello,

In one of my previous posts, I mentioned that I had sold my car a couple of months ago and was wondering what effects this would have upon my case. I just wanted to clarify a few points about the transfer and I apologize for posting about this twice, but I could really use some assistance with this.

The car I had was a 98' Oldsmobile that was blue-booked for 1300-1500 dollars. Given that there was some more cosmetic damage, I felt that the price could be dropped down to 1200; I settled with a buyer for 1000 dollars.

My question is since I'm planning on submitting my paperwork probably in about two weeks, does anyone think the trustee could frown upon a vehicle sale so close to filing? Like I said, it was on craiglist, so the person I sold it to wasn't someone I knew and I felt the selling price was a fair value given the condition.

Oh, and the money I got from the sale was used for everyday expenses and food.

Thanks for the help!!

[ssmdem]

You'll be fine. When we first looked at filing, we had just sold a vehicle for $1000. The attorney didn't bat an eye -- didn't even ask what we had spent the money on.

It's been a few months now, but we actually will be (hopefully) selling another vehicle, and we're filing in a few months. The price on this one will be about $5000. She did ask us to keep good records of where THAT money went -- but the $1000 we had just made when we talked to her months ago, she didn't care about. I think you'll be fine.

[AngelinaCat]

I agree with ssmdem; you will be fine. If you are using an attorney, go ahead and let him/her know about this. But most likely you'll be told not to worry about it.

[sscott4775]

Thank you both for your responses. Initially, I didn't think it would be a problem, but I just wanted to be sure.