Asset Worth

Posts Tagged ‘asset worth’

Should I sell my assets to pay off creditors before claiming bankruptcy?

I only have 1 asset worth paying off and thats one of my cars. If I sell this car, I can pay some of the creditors, but not all. I assume I will have to show proof of payng creditors if I claim BK after I have done this.
I see your point rpg, but the exemptions for Arizona will cause my vehicle to be taken because it is paid off and they will take this asset, sell it, and use the money from that asset to pay off the creditors.. granted, i see what your saying, because i would pay off the creditors that I would want to pay off.. so its good knowing that they will take the money back..