Legal Question in Bankruptcy in New Jersey

Re: How much can i deduct for cost of sale

You can assume 10% of the fair market value of the condo for costs of sale.

Re: How much can i deduct for cost of sale

For purposes of this calculation, you may deduct an assumed 10% cost of sale. You should seriously consider consulting with an experienced bankruptcy attorney. Aside from making sure that your bankruptcy is handled properly, an attorney can also give you counsel throughout the entire process, present options, and identify issues that you may not be aware of. Feel free to call me if you would like.