When do you stop paying creditors?

[StaciMM]

Not necessarily... Always assume the court wants what is best for them. Some states do indicate that only one vehicle can be exempted per adult driver.

In this case, since the 2nd vehicle is worth $500-600, its not likely to be an issue. That is probably not enough for the trustee to mess with.

It's gonna depend on your State's vehicle exemptions. You'll need to check on the $$ amount of that.

The Court won't care if you have 2 vehicles. The Court will care how much the vehicles are worth compared to your exemptions limit.

[SinkingFast]

Not necessarily... Always assume the court wants what is best for them. Some states do indicate that only one vehicle can be exempted per adult driver.

In this case, since the 2nd vehicle is worth $500-600, its not likely to be an issue. That is probably not enough for the trustee to mess with.

Hadn't thought about the wording of individual State statutes. I was thinking of the Means Test. It allows for 2 vehicles.

Our State vehicle exemption says:

(5) Any motor vehicle in the aggregate, not to exceed three thousand dollars in value

We're clearly not limited to one vehicle per filier. Partly cause tractors are considered vehicles and there's lots of those in Missouri.

[keepmine]

I've always had disability polices through my job but, I'd imagine they can be purchased through agents. Make a few call and ask.

[anonymuse]

One attny made a big fluff outa that 90 day $600 thing to us. "Oh wait to file until these drop off.", he said. Like it was something important for us to worry about.

Next attny fully explained it. That it was an issue for the Trustee and Creditors. Didn't involve us. Nothing for us to worry with. Other than declaring what we'd paid, of course.

I'm glad we have you around to fully explain this!! I've been told three times by supposedly knowledgeable people that I'd have to wait until a high payment got outside of the 90 day period before filing.

So it would all just be an "inconvenience" for the trustee--now remind me, what are they supposed to do for their piece of the pie?

[SinkingFast]

I'm glad we have you around to fully explain this!! I've been told three times by supposedly knowledgeable people that I'd have to wait until a high payment got outside of the 90 day period before filing.

So it would all just be an "inconvenience" for the trustee--now remind me, what are they supposed to do for their piece of the pie?

The Trustee can go back to the Creditors after the monies you've paid over $600 to, each, within 90 days of filing.

It's extra money for the Trustee if they can get it. And that applies only to unsecureds. Doesn't matter what you've paid to secureds for your cars and home. The Trustee won't go after that money. Just the unsecured payments.