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Truck trade in

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    Truck trade in

    We are 48 days from our first meeting with the trustee, and we want to trade in a truck for an equal value family car. We just finished paying for the truck and recently received the title. We want to get something that is better on gas and is overall cheaper to own.

    Our question is should we just go out and trade the vehicle or do we have to go through the trustee. We are worried about creating a dificult situation since we are so new to the process.

    Another question is if we do need to go to the trustee about the truck what is the best way to go about it?

    #2
    I'm assuming you have already filed... As such you need trustee approval to seek financing, and that may cause a problem depending on your proposed plan. Is there room for an additional vehicle payment? Contact your atty asap.
    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.)

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      #3
      Actually the truck is worth enough to get a decent small family car as an even trade, and we don't want to finance anything. We appreciate your advice and are going to ask the lawyer. We wanted to know if it is something we should wait till after the confirmation for.

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