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    Sell Car?

    Everyone here has been great, but I still have another question to bug you about!

    My 341 was 11/21.

    My 341 is over, and my 30 day deadline for objections is 12/20. My scheduled discharge date is 1/21/06.

    My Trustee has ruled my case a No Asset.

    My attorney said that I was able to get a new job (part or full time) now that the 341 is over.

    This is where the mess begins.

    My current employer is the family construction business, and we seldom have much work in the winter season. This year we have no work, meaning no income for me.

    I have been searching and applying for a new job since the day after my 341, and still have not found a new job yet. Not even flipping burgers.

    I now have almost nothing to live on, and not a cent to buy a Christmas Present or two for my family.

    The problem is that Christmas is just 2 weeks away and I'm not sure what-if anything, will happen before then job wise.

    Is there any way known that I could make even a few hundred bucks fairly fast so I can possibly purchase a gift or two?

    Yes, despite how it sounds, that was a serious question.

    I have one possible solution, if I am able to do it- and it's a big if too.

    I have 3 cars, 1 was exempt, the other two- the Trustee did not express any interest in, and she has allready ruled my case a no asset.

    I am considering trying to sell one of those cars fairly fast and use the money for a few gifts and basic living expenses. The money I would recieve from the car sale would likely be $1,500 or less, as it is an older car with almost 140k on it. I would fully document all receipts relating to "what was done with the money."

    I asked my attorney about this at the 341, and he said that I should be ok to sell it now that the Trustee has ruled no asset. But, if I wanted to play super safe, that I could wait until discharge. I've played it safe most of my life, and now don't really have that option. Thus far, my attorney has been great, and has not steered me wrong.

    Based on the Trustee's report of no distribution, what my attorney said relating to this matter, the small amount of money involved and what it is for, as well as present circumstances, I think that I should be ok in selling this car and documenting where the money was spent- which again, is only for basic living expenses and a few Christmas Gifts.

    Do you folks here think that there would be any issues in doing this?


    I'd appreciate your thoughts relating to either question. Thanks a lot!
    Last edited by derf; 12-11-2005, 09:00 AM.
    10/12/05 - Chapt. 7 Petition filed with court. (DONE)
    11/21/05 - 341 (DONE)
    11/22/05 - Trustee's Report of No Distribution!!! :clapping:
    1/21/06 - Last Day for Objections

    2/1/06- DISCHARGED & CASE CLOSED!!!!!

    :aggress: :clapping: :yahoo: :aggress: :clapping: :yahoo:

    #2
    congrats on the 341 being over! whoo whooo! you are now a member of the 60 Day Club! go find the thread and sign in. we will make you BBQ chef and you can flip burgers at our BBQ party!

    if its a no asset case then selling the car should be fine. if the attorney says ok then its fine.

    however, why try so hard to sell a car so fast instead of making more of it if you can hold out. your family doesnt have to have presents. write them a letter telling them how much they mean to you. or buy them something nifty for under $20 instead. just some ideas. life has changed and you dont want to buy things you can afford anymore. dont assume the income will get better so its ok to spend like that now.

    im more concerned about the work situation. go to temp agencies. they can find you a job fast. keep applying. use the newpaper. try craigslist.org for your own city. lots of palces need temp help fast. keep trying. it will happen i assure you.

    good luck and get out there! whoo hooo!

    (aaaart, i was gonna suggest a payday loan but... )
    Im not an attorney or a trustee. You cant trust me either though!

    [x] - Done with 341? Join the 60 Day Club! ___________[x] - Im Discharged! Whoo Hooo!
    [x] - Poll: Should I File Pro-Se ____________________[x] - New BK Law: Median Income, Means Testing and Presumptive Abuse
    [x] - Zombie Debt Collectors Dig Up Your Old Mistakes _-[x] - Bankruptcy Law Resource
    [x] - Need A Fast Answer? Available 24/7!--__________[x] - Dont Be A Hero On Your Budget - You Wont Get An Award!

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