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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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βˆ™ 15y ago
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βˆ™ 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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βˆ™ 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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βˆ™ 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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βˆ™ 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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βˆ™ 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.


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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?


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

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