Although it's not something i have discussed with my lawyer yet, how does it work if your only asset is your car that is worth more than the exemption allows, if you want to buy it back.
Let's say the car is worth 6000 (paid for) and the exemption is 1K ( i think that's what it is in FL), does it mean i will be paying 5000 if i decide to buy it back or the exemption is not used in this case?
Couple months ago my lawyer wanted me to sell it and buy a cheaper one financed, but i was undecided about filing. Now since i already sent the papers and they're preparing the draft, i just can't be without a car so i am thinking about buying it back if the installments allow me to do so. Anyone with any experience to share? even if i decide to surrender it, i wonder how much time i have after the 341 until i have to give the car to them.
Thanks
Let's say the car is worth 6000 (paid for) and the exemption is 1K ( i think that's what it is in FL), does it mean i will be paying 5000 if i decide to buy it back or the exemption is not used in this case?
Couple months ago my lawyer wanted me to sell it and buy a cheaper one financed, but i was undecided about filing. Now since i already sent the papers and they're preparing the draft, i just can't be without a car so i am thinking about buying it back if the installments allow me to do so. Anyone with any experience to share? even if i decide to surrender it, i wonder how much time i have after the 341 until i have to give the car to them.
Thanks