So I have a little bit of an interesting scenario and I would love some feedback from the group. My 341 meeting for my 100% chapter 13 is in mid December and the lease on my car is up in April of next year. Absolutely horrible timing and my attorney and I talked about this from the consult so he’s in the loop. He put in the bankruptcy for us to be able to get a new car loan with a set maximum payment without trustee approval when our leases expire.
1. How likely is it for me to get approved for a loan this soon into the 13? Income is not an issue, $200,000+.
2. Is there anything I can do to prepare for this credit wise?
3. I have a family member that is willing to help me, what’s the best way for that to happen? Large down payment? Co-signer? Him primary with me on the loan?
Current vehicle is through Chrysler Capital and is being paid outside the 13 payment. Loan is current with 2-3 30 days on the history for that loan.
1. How likely is it for me to get approved for a loan this soon into the 13? Income is not an issue, $200,000+.
2. Is there anything I can do to prepare for this credit wise?
3. I have a family member that is willing to help me, what’s the best way for that to happen? Large down payment? Co-signer? Him primary with me on the loan?
Current vehicle is through Chrysler Capital and is being paid outside the 13 payment. Loan is current with 2-3 30 days on the history for that loan.
Any credit moves after filing a Chapter 13 has to go thru your lawyer to the trustee and get their blessings or not. There are some exceptions to to the rules. But since your lawyer knows what your intentions are. They'd know more than we would.Thats JMO. Maybe some one else knows some more ins and outs.
I absolutely agree on reaching out when the time comes. I planned on getting it in writing from my attorney at that time even though it’s in writing in the bankruptcy paperwork. The less waves I create the better off I am!
I’m absolutely going to explore the angle of him getting the car and me paying him for sure.