September 26th, 2014 by Questions
I sold a motor home 4 months ago, on kijiji, does this effect my applying for bankruptcy protection?
Posted from: Alberta
September 26, 2014 at 10:15 am, Barton Goth, Trustee said:
This is something that may cause you problems, but it is difficult to tell without knowing more specifics. Whether or not this will be an issue will depend on when you chose to file a bankruptcy or a proposal. It will depend on what you did with the money you received from the sale of this property and whether what you received was roughly equivalent to the market value. In some instances this answer can even depend on who you sold it to. The important thing is that you contact a local trustee, like myself, to discuss the details of this transaction. Don’t do anything until you have received qualified advice as if you do things improperly it can cause significant problems with you and the people you sold the trailer to.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.