Bankruptcy Process and Disposing of Assets

It is important for people in the bankruptcy process to remember to not sell or dispose of their property until it is approved by the trustee. We generally recommend that our clients refrain from selling cars, homes, or other personal property until after the bankruptcy trustee has abandoned the assets. In many cases you are better off waiting until after your bankruptcy discharge to make any important financial decisions. The entire process for filing takes around 100 days, and most people should be able to wait that long to get rid of property. If you have any questions about what to do during the bankruptcy process you should give your attorney a call to discuss the situation with him or her.