I am getting ready to file Chapter 7 Bankruptcy, but I purchased a 'Flip' house last July that is almost ready to go on the market. I estimate I will get $40k from the sale of the home, but my contractor was willing to wait until the house sold to get paid the $35,000 I owe him for the work he did... so that $40k really isn't mine, so, should I wait to sell the house until after I go bankrupt so they cannot touch the proceeds from the home (because they allow you to keep your home) or can I sell the house, pay off my contractor and call it good? Any help would be geatlt appreciated!

At the time you file for bankruptcy all your assets will be taken into account.