Dundee, FL Bankruptcy Law Firms & Lawyers

Your question is fraught with all sorts of pitfalls in bankruptcy. I suggest you visit with an attorney to properly address them all. But here are some general basics. Selling property within 4 years of a bankruptcy is not an issue as long as it sells for fair market value and you recovered the value. Otherwise the Trustee could recover the property and sell it properly for full value. You will have to account for all the money you received from the sale of the home. Be prepared to vouch for most of the dollars. Lastly, payment to creditors within 90 days can be undone if over a certain amount. This time frame increases to one year and the dollar amount decreases if it is an insider, like they are related, business partners, or even close friends. If you pay these types of individuals off with your income from the sale you will want to wait over a year, at least, before you can file bankruptcy.

You should first contact your bankruptcy attorney for his advice. If he is not available or willing to give it to your detailed factual situation will have to be explained to an attorney so that he can form an opinion which you would be confident, and reasonable, to rely upon. The factual situation as explained by your question is insufficient to allow the formation of an opinion, much less one that you would like to bet a significant amount of money on.

Yes, but you should actually use an attorney for any bankruptcy. The filing fee for a chapter 7 which you might qualify for, is $306, but this can be paid in installments, or the court might waive it. There are a mountain of forms that you can download from the local bankruptcy court website, but you have to know how to fill them out and what to say in them.