I am hearing conflicting answers about selling home immediately after Discharge of a Chapter 7 no asset case.
State: Michigan Filing: Under federal exemptions ($40K for house)
CAN I SELL AND TAKE MY $40K? Obviously it is needed to purchase another smaller, cheaper home in another state.
Should I hold on to it for one year? Financial burden to do so, but worth it if I can keep all of its proceeds. Is it one year from date of filing or date of discharge that the court will look into your affairs?
We are very desparatly trying to relocate. Have children that must be enrolled in school that starts on August 8th.
Any knowledgable advice is appreciated. I do not want to ask BK attorney because he is a "assembly line BK attorney". I do not trust him; do not want to incur any more legal fees from a new attorney unless it is worth it...ie., selling the house and taking my exemption. If possible, then I will hire someone experienced to handle such matters.
State: Michigan Filing: Under federal exemptions ($40K for house)
CAN I SELL AND TAKE MY $40K? Obviously it is needed to purchase another smaller, cheaper home in another state.
Should I hold on to it for one year? Financial burden to do so, but worth it if I can keep all of its proceeds. Is it one year from date of filing or date of discharge that the court will look into your affairs?
We are very desparatly trying to relocate. Have children that must be enrolled in school that starts on August 8th.
Any knowledgable advice is appreciated. I do not want to ask BK attorney because he is a "assembly line BK attorney". I do not trust him; do not want to incur any more legal fees from a new attorney unless it is worth it...ie., selling the house and taking my exemption. If possible, then I will hire someone experienced to handle such matters.
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