What do s the highest interest rate on a new vehicle a trustee will approve
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What is the highest int rate a kb trustee will approve on a new vehicle
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I don't think they look at the rate. They look to make sure the payment is (a) below the national allowance, and (b) doesn't change the dividend to the unsecured creditors in a significant manner. I can't define significant. Kansas should be based on the Midwest Census region and the maximum ownership allowance is $619 for a single vehicle.
Bottom line, the interest rate probably doesn't matter. It will be the total amount and impact on the unsecured creditors.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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