Comments on: Recent Purchase of Vehicle May Defeat Chapter 13 http://www.bankruptcylawnetwork.com/2007/08/13/recent-purchase-of-vehicle-may-defeat-chapter-13/ Real Lawyers, Real Solutions Thu, 11 Mar 2010 21:25:57 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Stephen Otto, Attorney at Law http://www.bankruptcylawnetwork.com/2007/08/13/recent-purchase-of-vehicle-may-defeat-chapter-13/comment-page-1/#comment-16513 Stephen Otto, Attorney at Law Tue, 14 Aug 2007 03:34:37 +0000 http://www.bankruptcylawnetwork.com/2007/08/13/recent-purchase-of-vehicle-may-defeat-chapter-13/#comment-16513 As long as the Debtor isn't trying to cram the recently vehicle down (something which is impossible under BAPCPA anyway due to the so-called 910 day rule), I don't understand what this Trustee's beef is. The Trustee should be thankful that this Debtor has made an investment in his employment and will have reliable transportation to and from work; if he didn't have this, the Debtor would probably not be in Chapter 13 at all and the unsecured creditors would be getting far less than 10%. Again, I do not understand the Trustee's argument. Hopefully Mr. Ginsberg will post again on this topic subsequent to the hearing, where hopefully the Judge will find that this Trustee's argument has no merit. As long as the Debtor isn’t trying to cram the recently vehicle down (something which is impossible under BAPCPA anyway due to the so-called 910 day rule), I don’t understand what this Trustee’s beef is. The Trustee should be thankful that this Debtor has made an investment in his employment and will have reliable transportation to and from work; if he didn’t have this, the Debtor would probably not be in Chapter 13 at all and the unsecured creditors would be getting far less than 10%.

Again, I do not understand the Trustee’s argument. Hopefully Mr. Ginsberg will post again on this topic subsequent to the hearing, where hopefully the Judge will find that this Trustee’s argument has no merit.

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