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    New financing before discharge?

    I'm three weeks from discharge and lo and behold, the furnace died yesterday, after 26 years of service. I called our usual heating company and our usual serviceman came to assess the situation. After several tense minutes of testing, poking and prodding, he gravely announced, "It's finally time for a new unit. Repairs will be costly and in the end, however soon it may come, you'll still need a new one."

    I've been waiting for the other flue to drop, so to speak, so this wasn't a surprise. However, I wasn't prepared to buy (something I'm learning to do) one this year (although the tax credit will be nice!). Tomorrow, I'll be calling contractors for estimates. They offer financing, including one who offers financing to people with damaged credit. I expect to pay through the nose for financing, but on the bright side, it's a first shot at rebuilding my credit.

    So, although I don't expect anyone to offer financing pre-discharge, if someone does, will financing a furnace so close to discharge raise any red flags to anyone? I saw another post about someone buying a scooter during their 60 day period, but don't know if that's applicable to this situation. I'll call my attorney in the morning, but value the forum's feedback and would like to hear your thoughts.

    Separate but related, I'm open to suggetions about buying a furnace (brand, contractors, etc). Thanks!

    #2
    Originally posted by Detroit View Post
    I'm three weeks from discharge and lo and behold, the furnace died yesterday, after 26 years of service. I called our usual heating company and our usual serviceman came to assess the situation. After several tense minutes of testing, poking and prodding, he gravely announced, "It's finally time for a new unit. Repairs will be costly and in the end, however soon it may come, you'll still need a new one."

    I've been waiting for the other flue to drop, so to speak, so this wasn't a surprise. However, I wasn't prepared to buy (something I'm learning to do) one this year (although the tax credit will be nice!). Tomorrow, I'll be calling contractors for estimates. They offer financing, including one who offers financing to people with damaged credit. I expect to pay through the nose for financing, but on the bright side, it's a first shot at rebuilding my credit.

    So, although I don't expect anyone to offer financing pre-discharge, if someone does, will financing a furnace so close to discharge raise any red flags to anyone? I saw another post about someone buying a scooter during their 60 day period, but don't know if that's applicable to this situation. I'll call my attorney in the morning, but value the forum's feedback and would like to hear your thoughts.

    Separate but related, I'm open to suggetions about buying a furnace (brand, contractors, etc). Thanks!
    i think u should be ok.
    u are not going to include it in your bk ,your paying it back
    Filed chapter 7 on 9/17 341 on 10/20
    Chapter 7 Trustee's Report of No Distribution on 10/21
    Discharged and Case Closed on 12/21/2010

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      #3
      thanks!

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