If you purchase a new car say 1-2 months before filing Ch 7, can the trustee and/or creditor object on the grounds of non-dischargeability, since it was only 1-2 months between the purchase and date of file?
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I guess there is always a possibility, but many people on here do exactly that especially if they are entering into a Chapter 13 payment plan. That way, they know that they have a good, reliable car for the duration of the payment plan. Its easier to budget for a monthly car payment for a new car that needs regular maintenance and a warranty for things that go wrong than an older car that needs "surprise" $1k repair bills here and there.Filed: 7/31/08
341: 9/19/08
Report of no distribution 10/23/08
DISCHARGED: 11/19/08 (Day 60) -
Hopefully your right....my lawyer did recommend getting it purchased before filing. By the time we file I should have made 2 payments on it. It's not an extravagant car by any means, but I did see a post from someone last night who is having their car objected to by Ford, after only having it for one month. My previous car finally kicked the bucket so I didn't have much choice
Have there been any others in a similar scenario?Comment
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the other person was wanting to let the car go. Im assuming that you will want to keep yours and continue to make payments. You should be ok.Comment
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That is correct, I would want to hang on to it and continue with paymentsComment
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