My current vehicle is paid for, but is falling apart. NADA blue book on it is about $1200. The AC is non-functioning (very important in Texas summers) and the transmission is having issues. My mechanic says it might last a couple of years, but could completely break any day.
My sister currently has a small pickup that doesn't suit her needs. She went to a dealership last week and they offered her $1200 on it as a trade-in. Knowing that I'm in need of a vehicle, she offered to sell it to me for the same amount. Blue book on it is over $4K which is the exemption limit here, so I can't go into a bankruptcy filing owning that vehicle.
What I'd like to do is sell my car for what it'll fetch as-is, which won't be much, then buy my sister's truck. I'll have the cash to make that happen by the end of the week (which is exemptable). We're looking at filing before the end of the month, probably next week sometime. How soon after filing can I buy a car? Is that permissible the day after, or after the 341, or do I have to wait until after discharge?
My sister currently has a small pickup that doesn't suit her needs. She went to a dealership last week and they offered her $1200 on it as a trade-in. Knowing that I'm in need of a vehicle, she offered to sell it to me for the same amount. Blue book on it is over $4K which is the exemption limit here, so I can't go into a bankruptcy filing owning that vehicle.
What I'd like to do is sell my car for what it'll fetch as-is, which won't be much, then buy my sister's truck. I'll have the cash to make that happen by the end of the week (which is exemptable). We're looking at filing before the end of the month, probably next week sometime. How soon after filing can I buy a car? Is that permissible the day after, or after the 341, or do I have to wait until after discharge?
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