QUESTION
Can I purchase a new firearm while in a chapter 13 bankruptcy?
Asked on Nov 23rd, 2016 on Bankruptcy - Wisconsin
5 ANSWERS
Should not be a problem unless you want to purchase the firearm on credit. You are prohibited from obtaining credit while in Chapter 13 unless you have trustee or court approval.
Answered on Jan 03rd, 2017 at 2:47 PM
You should ask your Chapter 13 BK attorney. It's like asking a doctor you never met to give you an opinion about your medical file held by another doctor.
Answered on Jan 03rd, 2017 at 2:47 PM
Bankruptcy Attorney serving Madison, WI
at
Richard B. Jacobson & Associates, LLC
Update Your Profile
Why not?
Answered on Jan 02nd, 2017 at 5:42 PM
Commercial & Bankruptcy Law Attorney serving Powell, OH
at
Ronald K. Nims
Update Your Profile
If you're considering spending a few hundred dollars on a new firearm, it is no problem. If you're planning on spending $10,000 on an electronically aimed .50 rifle, the trustee may object that you haven't been paying all your disposable income into the plan.
Answered on Jan 02nd, 2017 at 5:42 PM
Yes, you can purchase anything, as long as you aren't getting a loan for the purchase.
Answered on Jan 02nd, 2017 at 5:42 PM