I have a vehicle that I am selling to help pay for some debts i have accumulated over the years. I will however still have to file chapter 7 bankruptcy in order to pull myself out of debt. Will selling my property hurt my chances of filing a quick bankruptcy? I was told that any transfer of property may not be good…Thanks in advance for your help…
If you sell it for market value to pay off debits prior to bankruptcy filing you'll be fine. If you sell it to a friend for $20 bucks or blow the cash on non-essentials, you'll have problems with the court
