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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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Vehicle sales

Resolved Question:

Filing chapter 7 in Oregon. I was forced to sell a 92' Rv, a 06' Jeep and a 92 corvette in December 08. They were all free and clear. I am afraid to mention them. The money is gone and we are broke. My wife is on SSD, I unemployed. We are close to signing papers. Will they become aware of the sales? If so what are the repercusions?
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 8 years ago.

If you used the proceeds from the sales for your living expenses, it would be considered a legitimate use. However, if you fail to disclose the sales and the trustee discovers the omission, you could lose your discharge and have bankruptcy fraud charges.
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