Buying A Car
Contemplating BK. Owe approx 53K -- income approx 2400/month outgo 2200/month. Average i-rate 15%. Have yet to miss any payments. Rent dont own a home. Approx 4k in savings. Dont know if I'd qualify for either 7 or 13. Job situation not steady. My 10 year old automobile died yesterday -- Must find a "reliable" replacement. Can the price of the repalcement car affect my chances of qualifying for BK?
Probably not (assuming the car isn't considered a "luxury car"), but I would strongly recommend speaking with a local bankruptcy attorney *before* you do anything. Different Trustees and Courts deal with this issue differently.
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