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You CANNOT do any major purchases, sales, new debt, etc.....WITHOUT the approval of your administrator. Do something, like RIGHT NOW, that you absolutely should have done before: All those papers that have what you generally not only agreed to, but ASKED THE COURT TO DO, and swore you would abide by (signed and everything)...and even signed agreeing that not doing them would subject your case to dismissal and you to possible legal prosecution.......READ THEM.

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15y ago
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13y ago

You can buy anything you want.

However if you want to get a loan, (which you should understand by now means you haven't bought anything...just really incurred an obligation), you need to get approval of your trustee. Not doing so, which you agreed to do for the courts protection from your existing creditors..means your case will be dropped and you will likely have to deal with criminal contempt of court charges.

And a lender...and that ain't going to happen.

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15y ago

You can incur no new debts or make any financial changes without getting approval of your administrator. Please read the documents you signed and swore to abide by to the court...where you agreed to all this...failing to do what you swore to is not only at least criminal contempt of court, but will have your case summarilarly dismissed.

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14y ago

Yes, but.... The car loan will probably not be dischargeable or be subject to a cram-down. And you could be subject to a fraud charge if you knew you were bankrupt and intended to file for bankruptcy when you bought the vehicle.

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19y ago

While in a Chapter 13 debt repayment bankruptcy, you must consult the bankruptcy trustee before engaging in a major financial transaction, such as the purchase of a vehicle.

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10y ago

You can buy a car right after you get your discharge papers. Most Car Dealers offer special programs for Bankruptcy Discharges.

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Q: Can you buy a car while in a chapter 13 bankruptcy?
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Can you buy a new car while in chp 13?

While in a Chapter 13, all major financial transactions need the approval of the bankruptcy trustee.


How soon after a chapter 7 bankruptcy can you buy a car?

The day you are discharged you can buy a car. You need to take proof that you are discharged.


What happens if you wreck your car after filing for Chapter 13 bankruptcy?

If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.


Can you get your car back after a repossession if you file chapter 13 bankruptcy?

In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy


Can you donate a paid for car while in bankruptcy?

When you donate a car after bankruptcy this means you are giving a property that you owned. Well, that's okay but not the right choice specially in times like this. Consult Atty Jeffrey Cancilla, he can help you deal with your problem.


What happens if car is totaled in chapter 13 but no claim was filed for the car?

A car is not totaled in a chapter 13. A car may be totaled while the owner is in a chapter 13. If the car was fully exempted, nothing happens. If you need to buy a new car, you will have to get permission from the bankruptcy court after you file a specific purchase agreement (car loan) which should not seriously affect your plan payments. Why are you not asking your lawyer?


Can you buy a car after chapter 13 dismissed?

Dismissed or completed? If it were dismissed, your credit report will show that you filed for bankruptcy. Obviously, if you filed bankruptcy your credit is not great. You certainly can buy a car for cash. Finding someone to lend you money; or getting a loan will be more difficult.


Can you lease a car in chapter 13 bankruptcy without getting permission from the trustee?

You will need permission from the trustee before doing anything financial while in chapter 13 bankruptcy. You will have already signed paperwork agreeing to full disclosure with your trustee when you filed.


How soon after chapter 7 bankruptcy can you buy a new car?

The day you get your discharge paper. I do caution against that because ANY bad mark after a bankruptcy is taboo and you will not be able to finance anything for a long time.


Can you lease a car in an open chapter 13 bankruptcy plan?

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If a bank repossesses a car do they have to return it if you file Chapter 7 bankruptcy?

No.


Does buying a new car with an open bankruptcy affect your bankruptcy?

If you filed a Chapter 7 bankruptcy and buy a car before the discharge is issued, there's no impact on your case. If you're in Chapter 13, however, your disposable income post-filing until discharge may be considered property of the estate; in addition, if you're financing the new car then you likely need to have the court's permission before entering into the financing agreement.