Q: Would lending money to pay off a car be considering priority under 11 u.s.c. (a) (7)?
A: I believe you are referring to 11 USC 507(a)(7), which states that expenses/claim have priority in the following order: (7) debts to a spouse, former spouse or child. This is for paying NOT lending. If you approach it as the payment of a debt, it can be considered so under 507; however, unless he/she is your former spouse and it was ORDERED, not merely agreed to, the Trustee will likely object. However, as a loan it will not work, and the Trustee could demand immediate repayment, or take the car.
A: I believe you are referring to 11 USC 507(a)(7), which states that expenses/claim have priority in the following order: (7) debts to a spouse, former spouse or child. This is for paying NOT lending. If you approach it as the payment of a debt, it can be considered so under 507; however, unless he/she is your former spouse and it was ORDERED, not merely agreed to, the Trustee will likely object. However, as a loan it will not work, and the Trustee could demand immediate repayment, or take the car.
A: I believe you are referring to 11 USC 507(a)(7), which states that expenses/claim have priority in the following order: (7) debts to a spouse, former spouse or child. This is for paying NOT lending. If you approach it as the payment of a debt, it can be considered so under 507; however, unless he/she is your former spouse and it was ORDERED, not merely agreed to, the Trustee will likely object. However, as a loan it will not work, and the Trustee could demand immediate repayment, or take the car.
A: I believe you are referring to 11 USC 507(a)(7), which states that expenses/claim have priority in the following order: (7) debts to a spouse, former spouse or child. This is for paying NOT lending. If you approach it as the payment of a debt, it can be considered so under 507; however, unless he/she is your former spouse and it was ORDERED, not merely agreed to, the Trustee will likely object. However, as a loan it will not work, and the Trustee could demand immediate repayment, or take the car.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
