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Can I sell car after I file BK7?

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    Can I sell car after I file BK7?

    Can I sell car after I file BK7? worth $400 doesnt run.

    thanks, techno

    #2
    Originally posted by technoreid1 View Post
    Can I sell car after I file BK7? worth $400 doesnt run.
    The car is an asset of your bankruptcy estate. You can't sell it until after your discharge. If you are going to sell it, do so before you file, spend the $400 on life necessities, save the receipts, then file.
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

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      #3
      i traded in a new car i had just gotten just before bk, than traded it again for a newer car after i was discharged.

      catchmeifyoucan
      July 2006: Filed Ch13 :blink:
      Oct 2006: Converted to Ch7 :clapping:
      Jan 2007: DISCHARGED :clapping:
      Nov 2007: CLOSED :yahoo::yahoo::yahoo:

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