Sale of Exempt posessions?

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jenny

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Sale of Exempt posessions?
« on: February 22, 2010, 06:03:57 PM »
I am in my 3rd month of bankruptcy and considering selling my car. (the value is less than the allowed limit).  Does anybody know if the proceeds would be considered as "income"?
I am currently below the monthly allowable income, but if the sale proceeds are included that may put me in a "7 month average" surplus position and trigger a 12 month extension.

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Nevergiveup

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Re: Sale of Exempt posessions?
« Reply #1 on: December 02, 2013, 01:21:45 AM »
Talk to ypur trustee about that to make sure there is no confusion

 

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