Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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.