Jump to content

selling car after 341 meeting


tealblue
 Share

Recommended Posts

I have a truck that I owe as much as Its worth and I'm thinking of getting rid of it. My wife is on the loan too that is why I didn't let it go in the first place. My question is can I sell it or trade it in for something cheaper while my BK hasn't discharged yet.

Link to comment
Share on other sites

All I can tell you is that I did exactly that last year during BK7. After a few unreturned phone calls to my MIA attorney, I went ahead and sold my SUV two months prior to discharge for cash. I paid the loan off in full, and purchased an older used car with the balance of the cash so that I had no more car note. As a matter of law, I don't know if this was proper, but I was discharged BK7 about seven weeks later and nothing was mentioned. If you have an attorney, I would definitely doublecheck before doing this- I have a feeling what I did was risky, but I was driving a money pit of an SUV and I felt I had no choice.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.