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loueez
New Member

question

Is it possible to trade in a vehicle that is included in a chapter 13 plan?

My wife is in chapter 13 that includes the vehicle.  i was wondering if i could

trade in that vehicle  and get a car loan in my name only. i am not in the chapter 13

plan with her . thanks

Message 1 of 3
2 REPLIES 2
despritfreya
Frequent Contributor

Re: question

Your wife needs to discuss this with her attny.  In general the vehicle is property of the bk estate and cannot be disposed of without Court approval (and the approval of the lienholder if there is one).

 

Des.

Message 2 of 3
krielly
Established Contributor

Re: question

Another important point to consider is that if you DO receive authorization for the trade, this will take the debt away from your wife, therefore freeing up more disposable income per month for her to pay into her plan. The Trustee could seek to have those extra $ tacked onto her monthly payment.

Definitely speak with her BK Lawyer

 

K


You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icing!
Message 3 of 3
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