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Vehicle before filing question

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    Vehicle before filing question

    We located a vehicle and should be finalizing the deal hopefully tomorrow. Question...they can either go 36 months or 45 months. The 36 months is about $485 a month, and the 45 months will be about $400. I just have to let the atty know which route we're going. Is there any advantage to either one when we're preparing to file a 13? Looks like we're going to be a 100% unsecured regardless...
    (10/28/10 - Filed) (12/09/10 - 341), (1/20/11 - Confirmed)
    08/11/11 - Spouse filed Divorce
    10/11/11 - Payments amended

    #2
    Why would the payments on a longer term loan, 45 months, be more per month than the shorter 36 month loan? This does not make sense.
    Chapter 13 Filed November 10, 2010 Indiana - Southern District - United States Seventh Circuit
    Attended 341 hearing 12/15/2010

    Comment


      #3
      thanks...i had the numbers backwards...I fixed it...
      (10/28/10 - Filed) (12/09/10 - 341), (1/20/11 - Confirmed)
      08/11/11 - Spouse filed Divorce
      10/11/11 - Payments amended

      Comment

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