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Payment of $800 made to auto loan prior to filing!

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    Payment of $800 made to auto loan prior to filing!

    I was 2 months behind on my car payment and my dad was nice enough to bring it current. The 2 months totaled almost $800. The lender was nice enough to give me a 2 month deferral making next payment Dec 1st as long as I brought the loan current which we did. However, I plan on doing a ride through with my car loan. Will the trustee look at this as a preferential payment?
    9/22/2009 - officially filed chapter 7
    11/03/2009 - scheduled 341 - COMPLETED
    01/04/2010 - last day for objections
    01/11/2010 - DISCHARGED & CLOSED

    #2
    Originally posted by drowningNdebt View Post
    I was 2 months behind on my car payment and my dad was nice enough to bring it current. The 2 months totaled almost $800. The lender was nice enough to give me a 2 month deferral making next payment Dec 1st as long as I brought the loan current which we did. However, I plan on doing a ride through with my car loan. Will the trustee look at this as a preferential payment?
    Nope.

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      #3
      pref payments are refrencing unsecured debts. You don't get penalized for paying a secured obligation like your car or house.
      Filed Pro Se: 10/16/2009
      341 Scheduled: 11/23/2009
      Last Day for Objections: 1/22/2010
      Discharged: 1/28/2010

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