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Chapter 13 & redemeption

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    #1

    Chapter 13 & redemeption

    This is a dumb question but I have to ask:

    a friend of mine filed for chap 13 to keep his house. He is driving a vehicle that belongs to someone else and they want it back, chould he go through 722 redemption to purchase a vehicle?
    Discharged 2/27/06, closed 6/1/06
    Tags: None
    #2
    722 Redemption only applies to ch. 7.

    He could possibly petition the court for permission to take on new debt to buy a used car.
    Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.

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      #3
      Hasn't had the 341 meeting yet, would he still need to petition the court for permission?
      Discharged 2/27/06, closed 6/1/06

      Comment

        #4
        I'm pretty sure. At this point, trying to incur new debt without the trustee's permission could get his case dismissed. Not something to be taken lightly!
        Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.

        Comment

          #5
          if you are in a chap 13 the trustee must approve the new debt first from everything ive ever read.
          Im not an attorney or a trustee. You cant trust me either though!

          [x] - Done with 341? Join the 60 Day Club! ___________[x] - Im Discharged! Whoo Hooo!
          [x] - Poll: Should I File Pro-Se ____________________[x] - New BK Law: Median Income, Means Testing and Presumptive Abuse
          [x] - Zombie Debt Collectors Dig Up Your Old Mistakes _-[x] - Bankruptcy Law Resource
          [x] - Need A Fast Answer? Available 24/7!--__________[x] - Dont Be A Hero On Your Budget - You Wont Get An Award!

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            #6
            thanks alot Ill pass it on.
            Discharged 2/27/06, closed 6/1/06

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              #7
              by the way. it was a good question.

              (questions arnt dumb, people are. wait - thats what they say for guns. i take that back )
              Im not an attorney or a trustee. You cant trust me either though!

              [x] - Done with 341? Join the 60 Day Club! ___________[x] - Im Discharged! Whoo Hooo!
              [x] - Poll: Should I File Pro-Se ____________________[x] - New BK Law: Median Income, Means Testing and Presumptive Abuse
              [x] - Zombie Debt Collectors Dig Up Your Old Mistakes _-[x] - Bankruptcy Law Resource
              [x] - Need A Fast Answer? Available 24/7!--__________[x] - Dont Be A Hero On Your Budget - You Wont Get An Award!

              Comment

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