Hi everybody,
I'm about to file chapter 7, probably in a few weeks. About 5 months ago (Oct)I sold a non working truck for $360, and just used the money for normal expenses, food, holiday stuff for the family. Do I just list that on the statement of financial affairs?
Also, about a month ago I wrote a check to my father in law for $400 for partial payment on a car he is selling me. He has the pink slip and owns the car, but do I put my $400 interest in the car on my assets? and then exempt it? do I list the full value of the car or just my $400 share, as I don't own it yet? Nothing shady going on here, I just want to buy his car and work on fixing it up and using it for my family, but I'm paying him as I can. Would either of these two things cause a problem?
thanks for any help!
I'm about to file chapter 7, probably in a few weeks. About 5 months ago (Oct)I sold a non working truck for $360, and just used the money for normal expenses, food, holiday stuff for the family. Do I just list that on the statement of financial affairs?
Also, about a month ago I wrote a check to my father in law for $400 for partial payment on a car he is selling me. He has the pink slip and owns the car, but do I put my $400 interest in the car on my assets? and then exempt it? do I list the full value of the car or just my $400 share, as I don't own it yet? Nothing shady going on here, I just want to buy his car and work on fixing it up and using it for my family, but I'm paying him as I can. Would either of these two things cause a problem?
thanks for any help!
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