House on wheels

January 2nd, 2010 by Questions

Im looking at purchasing a camperised bus for $2000 dollars from a friend due to my work its a really good solution to my trying to rent where ever im working,so it will be my house,can i still own my daily driver also,we are looking at rent to own situation,thanks even how odd this may sound

Posted from: Alberta


One Response to “House on wheels”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

The difficulty is not necessarily with the presence of the bus, but the fact that you spent $2000.00 on that bus on the eve of filing for bankruptcy. This is ultimately taking a non-exempt asset (cash) that may have been distributed among your unsecured creditors and converting it into an exempt asset.

This is not to say it isn’t a wise decision and one that is defensible, but it may prove to be a challange that must be overcome.

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