Can I buy a newer golf cart right before I declare bankrupcy?
Can I buy a newer golf cart right before I declare bankrupcy?
I am about to declare bankruptcy. Where I live we get around by golf cart. I can't use a car. My 1991 golf cart just died and I wanted to know if I can buy one now just before my bankruptcy is filed.
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4 Responses
2.1.2010
Don't second-guess your bankruptcy attorney…address these questions to him/her.Regardless of how or why the golf card is used, I'm sure your creditor's attorneys would have a field day with this purchase and would use it against you to have your Chapter 7 filing denied.
2.1.2010
Typically, something like that won't be covered under the bankruptcy, so you'd still have to pay it. If you buy it and then declare bankruptcy a month later the judge doesn't have to allow either that one debt or the entire thing. Also, if you are planning to buy it on credit and you're already so far down that you need to declare bankruptcy, I highly doubt you'd be approved. Golf carts are a luxury, you have feet, use them.
2.1.2010
I thinks I sense a "DEADBEAT" here.
2.1.2010
why, do the honest thing and make sure you pay for it…..