When you have to purchase...

[chakra7]

a car because it's either find/borrow some money to make major repairs or get permission to purchase used - what is the process? Thanks in advance for all who answer.

Currently, my car - a '97 Dodge Stratus - will most likely need major work related to the motor and possibly transmission. Major work was done on the car a year ago as well. I've decided a more sound decision is to get a used, but more recent in terms of years, car. I know you have to get permission for this. Is this sort of permission, in these circumstances, usually granted and how long before you can make the purchase? I'm looking at next couple weeks because my car frankly may not make it that long w/o intervention one way or the other.

[Flamingo]

a car because it's either find/borrow some money to make major repairs or get permission to purchase used - what is the process? Thanks in advance for all who answer.

Currently, my car - a '97 Dodge Stratus - will most likely need major work related to the motor and possibly transmission. Major work was done on the car a year ago as well. I've decided a more sound decision is to get a used, but more recent in terms of years, car. I know you have to get permission for this. Is this sort of permission, in these circumstances, usually granted and how long before you can make the purchase? I'm looking at next couple weeks because my car frankly may not make it that long w/o intervention one way or the other.

Call your attorney and explain the situation because your attorney will have to contact the Trustee. I would stress to the attorney your timeline situation but legal wheels do grind slowly. Contact him and try to keep your car band-aided as much as possible until you hear back. Do you have any friends or family that are handy with vehicle repairs to avoid the labor cost in a shop to keep it a bit reliable in the interim?

[chakra7]

Call your attorney and explain the situation because your attorney will have to contact the Trustee. I would stress to the attorney your timeline situation but legal wheels do grind slowly. Contact him and try to keep your car band-aided as much as possible until you hear back. Do you have any friends or family that are handy with vehicle repairs to avoid the labor cost in a shop to keep it a bit reliable in the interim?

Thanks for responding. I actually met with my attorney today and he strongly recommended I get repairs and not petition to get permission to get another car. He says I should use my tax refund for the repairs and that would put me in the clear to keep it, he assured me. So looks like that's what I'll do.

[sarakay5]

We are currently awaiting permission from our trustee to purchase a used car. We had to update our I & J. Provide 3 months stubs and write a letter telling the trustee why we needed another car.

Hopefully we hear back soon. Lawyer said it could take a week.

[MOMof3]

sarakay5, are you going to finance it? What type of interest rate--do you know?

I imagine we will be in the same boat in a years time....

[papa0881]

I was in the same postion months ago then my wife got me a new truck, but with 17% intrest sucks but we got new wheels.

business credit is great, just got word we were approved for 5 new ford trucks threw the corporation, need 10% down thats not to bad at all for only being inc for a year!

[sarakay5]

I do not think I will ever finance anything again. We are selling stuff around the house, tools my husband never uses, our tax return and a refund from the trustee. I should be able to buy a desent used truck for cash.

In my letter to the trustee this is exactly what I told him. Just let me spent 3500 and I will be happy. We should hear Monday if everything is a go. I really need my husband working again.

[cso5@]

My experience

I have a car that currently needs a lot of work. I can't pay for the work to be done on it -- it's about $1K by the time it's all said and done.

So I called my attorney -- he said, get financing lined up, then we write up the deal, pass it by the trustee to get permission to incur new debt, and it should be approved.

"Get financing lined up" is easier said than done. I had approval from Road Loans and 722 Redemption. Both had super high interest rates -- 18ish %. And the deal with 722 Redemption was, it was completely done online / over the phone. No test driving. It would be delivered to you - they picked a bunch of cars out for you to pick from, based on your circumstances, and then it just would get driven to you from some local-ish affiliate.

So I tell the attorney this, and he doesn't believe me -- people are getting loans from their credit unions, according to him, at a much lower rate. So I call my credit union. No deal. I even spoke to the head of consumer lending.

So the payment would be high....and there is this element of getting permisssion from the trustee. Now, I'd like to stay off his radar if at all possible -- not that I am doing anything wrong or bad -- not like getting new credit on my own or anything -- Not to mention that I'd have to make a payment every month, and money is already tight as it is.

I decided to just buy what I could for cash. Which turned out to be a $625 1987 Volvo, which is happily plugging along just fine.

I too hope to never finance anything except a house ever again. I am getting ok with living within my means, meager though they may be.

[needbkinfo]

OK if you guys don't mind me asking, my ex, we don't talk anymore, well last year ( 2007 ) she filled for BK chapter 13 ,she was single at the time, later in the year she got remarried ( September ),

Well when i took my kids back to her in October she and her husband had two brand new 2007 vechails, NBS Chevy silverado, say 35 to 40 k and a new 2007 Pontiac G-6 car what 25 k

So what i reading her is that she had to talk to the trustee to get there permission to buy these cars ? she just got down with her schooling 2007 and she really didn't get a full time job until around the same time and he got a full time job over the summer 2007, even if they were in his name only which i could not see due to he's time on job and money to put down, so she had to co-sign and even if she got some money say from a relative would she have to tell the trustee's,

NOTE, I'm over my ex, took some time because of the way it all went down, and hey at least my kids are riding in two new and safe vechails, not jealous, it's just what i been reading on here, i really don't know how they did it,, any ideals ?

[stljohn]

So what i reading her is that she had to talk to the trustee to get there permission to buy these cars ? ?

she's supposed to get permission before incurring new debt.
maybe husband financed them.

[needbkinfo]

OK, so let's say he did and she had to co-sign, would she still have to get permission ? and i really don't think he got both car & truck by himself, hate to say i know somewhat of there backgrounds, any way, So getting married after ch 13 helps, for a woman that is ,because she changes her name she can fly under the radar, still same SS #

i guess I'm wondering if your are in ch 13 when you go to purchase anything such as car or maybe a home you have to run it bye the trustees ? or if you come into to some money, you have to do the same ? for how long ? so i guess if you don't tell the trustees they will never find out, or do they check on you from time to time,

Thanks

[Flamingo]

OK, so let's say he did and she had to co-sign, would she still have to get permission ? and i really don't think he got both car & truck by himself, hate to say i know somewhat of there backgrounds, any way, So getting married after ch 13 helps, for a woman that is ,because she changes her name she can fly under the radar, still same SS #

i guess I'm wondering if your are in ch 13 when you go to purchase anything such as car or maybe a home you have to run it bye the trustees ? or if you come into to some money, you have to do the same ? for how long ? so i guess if you don't tell the trustees they will never find out, or do they check on you from time to time,

Thanks

You can bet that your ex probably did not cosign for those vehicles with a Chapter 13 on her record cause those vehicles would not be there (she would not be approved), nor could she finance anything during a Chapter 13 without Trustee permission that her Plan could handle the additional payment. Those vehicles are the result of her new husband and/or his/her family. While your ex may have changed her name, she cannot run and hide from her SS# (she will have to change her name on that also) so it doesn't matter for a woman who remarries and decides to change her name with a BK on her record. That is what counts when you apply for loans/credit.

Those of us who have been through a divorce and their ex-spouse remarries all go through things like this and there is really nothing we can do about it except let it go cause they started a new life. I would just focus on your kids and be thankful that it appears they are being well taken care of.

[needbkinfo]

as to this,


" Those of us who have been through a divorce and their ex-spouse remarries all go through things like this and there is really nothing we can do about it except let it go cause they started a new life. I would just focus on your kids and be thankful that it appears they are being well taken care of. "

My life has move on, yes took me awhile to get on my way i will admit, i don't hate woman or my ex and her new husband, and as for my kids, as there father it is my responsibility to be in there lives to make sure they are being taken care of in ever part in there lives, so if that means i have to keep taps and my ex and her husband i will.

Just trying to find information out about Bankruptcy and reading the post that are on here i came across certain things that i have seen or dealt with or wondering about, especially trying to learn about the trustees and how they are and what people have to answer to them for.

[Flamingo]

as to this,


" Those of us who have been through a divorce and their ex-spouse remarries all go through things like this and there is really nothing we can do about it except let it go cause they started a new life. I would just focus on your kids and be thankful that it appears they are being well taken care of. "

My life has move on, yes took me awhile to get on my way i will admit, i don't hate woman or my ex and her new husband, and as for my kids, as there father it is my responsibility to be in there lives to make sure they are being taken care of in ever part in there lives, so if that means i have to keep taps and my ex and her husband i will.

Just trying to find information out about Bankruptcy and reading the post that are on here i came across certain things that i have seen or dealt with or wondering about, especially trying to learn about the trustees and how they are and what people have to answer to them for.

Sounds like you are a good dad and your ex should be thankful. Anyway, Trustees are all different in what they look for and require. Your ex's financial house is under the control of her Trustee from the date of filling to the date of discharge. She cannot do anything financial without permission (i.e., take on more credit, purchase a car, sell or purchase a house, etc., etc.). For her to do so without permission can result in the dismissal of her Chapter 13. You probabaly will never be able to find out what your ex's Chapter 13 plan entails but her finances are under the control of the Trustee until she is discharged.

[oldbaddebts]

You probabaly will never be able to find out what your ex's Chapter 13 plan entails but her finances are under the control of the Trustee until she is discharged.

The OP could look up the case on PACER and see the plan as well as the history of the case to get a better understanding of the process. The request to incur new debt goes through the trustee, so I am not sure if it would show up on the docket, but the plan is definitely there.