Sale of secured property
Am filing Chapter 7 next month in Texas.
I have a commercial building that I would like to sell before filing and then take the cash and pay off house, cars etc. One attorney saw nothing wrong with this but another attorney said can't pay off houses but could turn back leased vehicles and go out and buy new ones for cash. Can anybody explain this to me?
I have a commercial building that I would like to sell before filing and then take the cash and pay off house, cars etc. One attorney saw nothing wrong with this but another attorney said can't pay off houses but could turn back leased vehicles and go out and buy new ones for cash. Can anybody explain this to me?