Generally, you can sell an asset that you have in order to support yourself. So, for example, if you have an automobile, and it’s worth about $3,000. You need the money. You need to pay legal fees for the bankruptcy. You need to pay a mortgage payment. You need to buy food or groceries. Sure. Sell the car, especially if you have another one as back up. Sell the car, use that money for groceries, legal fees, whatever you need that money for.
The Emotional Toll of Bankruptcy on Families
Bankruptcy is a difficult and often emotional experience for anyone, but when families are involved, the impact can be particularly challenging. The financial strain, uncertainty about the future, and the stigma associated with bankruptcy can take a severe toll on the...