What county are you in?
We live in Hillsborough County, Tampa Florida
Mom lives in Franklin Cty in Ohio.
You are allowed a transportation allowance. It does not matter if this expense is due to paying off a car loan, or leasing a car. There is a limit to the amount that you can spend on the lease. In your county, the limit is $496 to rent a car, and there is also a $239 per month allowance for operating expenses (insurance, fuel, maintenance, etc.).
Will this effect my wifes car payment of $350.00 that we currently have on vehicle 1?
I just want to be clear we both can have the transporation allowance in either Bankruptsy the 7 or 13?
Thank you for accepting my answer!
The transportation allowance is per car, and each spouse is allowed to have one car. So, your wife can have a car loan of up to $496 per month, and you can have a lease payment of up to $496 per month.
The above applies to both - Chapter 7 and Chapter 13.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).