Buying boat after BK
12-20-2007, 08:02 AM
#2
VIP Member
VIP Member
Very difficult. Subprime banks will take a look if you have re-established yourself after 2 years. Limit is 40K interest is absured, no performance boats.
Other then that your looking at least 5 years.
Other then that your looking at least 5 years.
12-20-2007, 09:19 AM
#3
There is some company out of Florida, called International Marine 'something-or-another.'
They go down the list of the OSO classifieds, and call the private sellers offering to mate them with "buyers with past credit hurdles who will take over payments for two years" then take over the note.
That's all I know about them. Perhaps someone else would have some info. I have no idea how this works exactly, nor any idea how 'safe' this practice is for the owner/seller of the boat.
They go down the list of the OSO classifieds, and call the private sellers offering to mate them with "buyers with past credit hurdles who will take over payments for two years" then take over the note.
That's all I know about them. Perhaps someone else would have some info. I have no idea how this works exactly, nor any idea how 'safe' this practice is for the owner/seller of the boat.
12-20-2007, 12:48 PM
#4
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The whole purpose of bankruptcy is to get out of debt..................
12-21-2007, 01:59 PM
#6
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You should NEVER be allowed to own a luxury item like a boat, RV etc. after a bankruptcy. How much were your creditor screwed out of? Maybe after your creditors were payed back. Having been "SCREWED" out of THOUSANDS by people that bailed I'm bitter. Lets bring back debetor prisons.
12-22-2007, 03:31 PM
#10
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You should NEVER be allowed to own a luxury item like a boat, RV etc. after a bankruptcy. How much were your creditor screwed out of? Maybe after your creditors were payed back. Having been "SCREWED" out of THOUSANDS by people that bailed I'm bitter. Lets bring back debetor prisons.
As far as NEVER allowed to get back on your feet after a devasting life issue is totally insane. After all we live in America right? Well at least I do, not sure what country CNC is from...
CNC
