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Trading cars RIGHT before filing

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    Trading cars RIGHT before filing

    We should be filing next week (maybe the week after, depends on how fast the attorney is). My car is a cross-over, with bad gas mileage.

    Can I trade it in for a hybrid - keeping the payment the same or less? Right before filing? Is this a no no?

    THe insurance would be a little cheaper, but saving LOTS on gas each month.

    Bad idea?

    #2
    I think it would be a great idea since you'll be able to get a much better interest rate before filing. From what I've heard on this forum and from my attorney it shouldn't be a problem.
    Kari
    10/12/2007 Filed Chapter 711/08/2007 341 Meeting 01/07/2008 Last Day for Objections
    http://www.bankruptisnormal.com/

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      #3
      It's not a problem, you can do that.

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        #4
        Im doing the same thing, as long as you can show you have done it to improve your situation im sure you will be ok
        04/25/08 Filed chap 7
        05/23/08 phone conference with trustee
        05/30/08 341 set
        07/29/08 Last day for objections

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