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After discharge and parents understanding

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    After discharge and parents understanding

    So my parents have seen me go through the BK process and have been very understanding. However, I have a car loan that I did a ride through on and the payment is a little hefty for me now since Im still job hunting. I decided it was best to just call the bank and let them come get it. The car is 11 years old (owe $16,000 on it) and is starting to have small issues. Well, I told my dad I found a really nice car for $5,000. I was shocked when he said he would buy it for me! I can't believe how it's going to be without any debt! Literally, none! Will this pose a problem since I was just discharged and he is buying me an asset? This year is starting out great even though I'm still unemployed.
    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
    So my parents have seen me go through the BK process and have been very understanding. However, I have a car loan that I did a ride through on and the payment is a little hefty for me now since Im still job hunting. I decided it was best to just call the bank and let them come get it. The car is 11 years old (owe $16,000 on it) and is starting to have small issues. Well, I told my dad I found a really nice car for $5,000. I was shocked when he said he would buy it for me! I can't believe how it's going to be without any debt! Literally, none! Will this pose a problem since I was just discharged and he is buying me an asset? This year is starting out great even though I'm still unemployed.
    No once you are discharged and closed you should be free to do whatever you want.
    -Filed Ch7 pro se 04/14/2010
    -341 Meeting is 05/24/2010 (went uneventfully well)
    -Report of No Distribution 6/4/2010
    -Discharge 7/28/2010

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