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Can a Chapter 13 Debtor sell any of his or her assets while in Chapter 13?

April 26, 2017assets Chapter 13 debtor sell

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Can a Chapter 13 Debtor sell any of his or her assets while in Chapter 13?

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Yes, after applying for obtaining court permission. The Debtor can keep the funds generated from the sale if the funds would have been exempt in a Chapter 7. If an asset is sold and the sale results in payment of a secured creditor that had been receiving money from the trustee, the Debtor may also seek to have the trustee payment lowered.