Buying used car before discharge?

[queenfluff]

A good friend of mine is selling their car and is giving me a good price. I don't have a car right now and will need one soon as my discharge will be coming soon (8/23) and I will start applying for jobs again and will need the car when I get one.

My question is that even though I will be buying with cash (my parents will be paying for it and I will pay them back once I am working again), I know I will have to get new state plates, car will be transfered to my name..etc.
..will any of this effect my discharge?

I am no asset right now. Will the car show up as a new asset if I have it signed over to me before my discharge or if I order my plates before the discharge?

The person I am buying it from is one of my best friends so I am sure she will be flexible for whatever I need to do.

Should I wait until after I am discharged to complete any paperwork for the car?

I could have my put in my bf's friend name since we will be sharing the car and he will be paying for some of it.

How would be the right way to go about it?

[JRScott]

It should not affect your discharge in any manner.

[queenfluff]

It should not affect your discharge in any manner.

thanks JRScott! that is what I was hoping.

So even if I have the title transfered to me and I apply for plates BEFORE my case is closed - will the court/trustee be able to trace it? I am just worried they will find out an wonder how I got the money to pay for it and than say I now own an asset and want me to sell it to get money to give to my creditors.

I am going to ask my lawyer to make sure. I don't want to mess up my case right before I get discharged. that would suck!

[teacher]

My lawyer told me it wasn't a problem....granted I was surrendering my car and the car I was buying was less than $2k.

[OhioFiler]

thanks JRScott! that is what I was hoping.

So even if I have the title transfered to me and I apply for plates BEFORE my case is closed - will the court/trustee be able to trace it? I am just worried they will find out an wonder how I got the money to pay for it and than say I now own an asset and want me to sell it to get money to give to my creditors.

I am going to ask my lawyer to make sure. I don't want to mess up my case right before I get discharged. that would suck!

Unless you were hiding an asset and used it to acquire this car you have nothing to worry about.

[Keebler]

We bought a car just before discharge and paid cash for it too. As I recall, I waited the longest time we could to transfer the title without paying a penalty. Most states give you several weeks to transfer the title on a vehicle you purchased and you could use that to wait until after discharge.