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Do I list 1 auto or 2 ???

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    #1

    Do I list 1 auto or 2 ???

    I am trying to figure out what to do... When I do the means test if I enter 1 auto I am coming up with $500 disposable income if I list 2 autos I am coming up with $ 219 negative income. I cant figure out the huge difference ??

    Here's the deal. My name is on a car that my ex & I bought for my daughter. We paid $4000 for it about 1 1/2 yr ago and we are splitting that. Of course I still owe him $1500.00 twds my share but I just havent had the extra to give him. Anyway he will get it eventually ...Its a 1999 Mercury Marquise w/ 80,000 miles on it. I pay for the car insurance , maint and everything else but GAS..(my daughter who is 22 makes $10 hr , no child support for her son, just got this job and trying to make ends meet)

    So am I going to have a problem claiming 2 auto's ? One paid for and 1 not..
    Those who live in glass houses should not throw stones
    Chapter 13 filed 10-21-09
    Discharged 4-13-15
    Tags: None
    #2
    P.S. My daughter & her son do not live with me. I am claiming 2 in household because my 20 yr old son lives with me. Has a job making min wage & contributes nothing twds hshld expenses...
    I know a little confusing
    Those who live in glass houses should not throw stones
    Chapter 13 filed 10-21-09
    Discharged 4-13-15

    Comment

      #3
      IMO, if you and your son have 2 cars in your household and you are a 2 person household you will probably NOT be able to claim 3 cars and include the payment in your plan. Now I would recommend that you ex file a claim in your bk (list him as a creditor) and have him list the 1500 you owe him for this debt. And your daughter will probably have to pick up more of the expenses for the car unless your attorney can "pad" your plan to get some extra in there for you without raising the eyebrows of the trustee.

      Comment

        #4
        I was reading somewhere else that since I paid him $500 twds the car already it may be considered preferrential pmts and I would have to give the trustee $500 .. I dont have $ 500 to give anybody right now...
        Also, what if I listed 2 cars and just said the 2nd car is my sons who lives with me and I pay the expenses except the gas ??? I really havent talked to the attorney much since I gave the retainer. I called the office this week to see if they got my packet I sent with all the info they asked for. Then I asked what next ?? The paralegal said she will gather all the info and send me out a rough draft to look at.
        This all amazes me that you really dont have much contact w/the actual attorney ??
        Is this normal ??? I am getting scared that maybe I didnt pick a good attorney but they deal strickly w/ bk's and nothing else..

        P.S. Everything makes me anxious about all this ?????
        Those who live in glass houses should not throw stones
        Chapter 13 filed 10-21-09
        Discharged 4-13-15

        Comment

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