Hello again, I have another question. Right now I'm on the cusp of being over the means test. I expect a bonus in a few months, I'm guessing a pay raise as well.. I suspect when all is said & done I'll be forced into a Ch13. I need another car for a 100 mile R/T commute. I'm looking at the Form22C & Sched J and I'm wondering if it would be worth it to buy a brand new car and include the higher payment in my expenses, or if there is ANY benefit to get a used car (ie cheaper, lower payments) and having less on the expense. Basically for a new car I'm looking at a Saturn or Toyota Corolla, probably a 200/month payment.
From what I can see in the forms, if I keep my expenses down the trustee/creditors get it all. I don't see any benefit to me to buy a cheaper car for a lower monthly payment. maybe pay it off early, etc... Am I missing something? My impression on going over the forms are the Natl Expense standards are upper limit, and not an incentive to go lower.
Does anyone have any thoughts on this.
Thanks
From what I can see in the forms, if I keep my expenses down the trustee/creditors get it all. I don't see any benefit to me to buy a cheaper car for a lower monthly payment. maybe pay it off early, etc... Am I missing something? My impression on going over the forms are the Natl Expense standards are upper limit, and not an incentive to go lower.
Does anyone have any thoughts on this.
Thanks