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Financial affairs - payments to creditors

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    Financial affairs - payments to creditors

    Quick question, on #3 where it asks to list payments to creditors in the past 90 days, would I need to put in the payments I've been making on my auto loan (I intend to keep the car)? The question states not to list it if the aggregate value of all property is less than $600, but I don't know if they mean $600 total in the past 90 days or not. My monthly payment for the loan is $358.98, so multiply that by 3 months and it becomes $1076.94

    #2
    They are talking about payments (in aggregate) exceeding $600 in the last 90 days. So, that loan where you paid $1,076.94 would be listed. (The reason this question is asked, is because the Trustee will go after payments on "unsecured" debt exceeding $600 in the last 90 days as a "preference".)
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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