top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

sold car

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    sold car

    I sold my car to the dealership and they offered me the trade in value as cash.
    I put 3k of the cash down on a newer vehicle that will only be in my husbands name(I can't be on the loan since I don't qualify). My question is this,
    Will the trustee make me pay back the 3K that I put down on this vehicle??
    My state exemption is 3K and I won't file for another 6-8 months. If I file chapter 13, will the 3K be included in the payment plan?

    #2
    Possibly a problem, though if you file a 13 the worst case scenario I think is that it would create a minimum amount to be paid in your plan...

    Just a random thought though - do you happen to be in a community property state? If so - that could work to your advantage.
    Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
    (In the 'planning' stage, to file ch. 13 if/when we have to.)

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X