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Date : the 23/02/2010
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Is it possible to sell property before I file a chapter 7 bankruptcy in Pennsylvania?

Is it possible to sell property before I file a chapter 7 bankruptcy in Pennsylvania?

Yes but the trustee can seek to include the money received in your estate. A bad move is selling it to family or friends to avoid losing it in bankruptcy. Usually, the trustee finds out about this a can have the sale reversed, which would put you in a difficult position. One of the best ways to do this is to enlist the support of your trustee in selling your property. This would be a legal and secure option to pay your debt or credit card loans.

View original story on http://www.bankruptcyinpennsylvania.org/is-it-possible-to-sell-property-before-i-file-a-chapter-7...
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