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You can buy anything you want after you file or at anytime. The question is has the BR been discharged, if not you probably will be liable for anything you buy and it will not be listed on you debt or assets. If you pay for it in full the court probably will seize it to help pay creditors because it is an asset. If you have a car in most states unless it is a Mercedes or something it will be exempt and if you need it to provide a living very doubtful they can seize it.
We got our car less than a year after our bankruptsy but we got screwed on the intrest.
You have to wait for a enough time till your credit score back to the good position when you can get good financing for a car.
If you have good enough credit you can theoretically buy a car at any time. However going bankrupt pretty much destroys your credit, but you still my find a dealer willing to sell a car to you.
You undestand C-11 is virtually exclusively for CORPORATIONS undergoing financial reorganizations don't you?
If you buy a used car with cash before filing a chapter 7 bankruptcy, How long do you need in between purchase and filing to keep the vehicle if the vehicle meets exemption in a state?
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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 receive a car accident insurance settlement after filing a Chapter 13 bankruptcy if the accident happened after the filing?
Yes
Will filing bankruptcy affect your car insurance?
I have file for Chapter 7 twice and it has had no effect on my car insurance.
When filing Chapter 7 bankruptcy should a car that is not paid off be included on the schedule of personal property?
no
Does having a car in repo effect filing for bankruptcy?
No - having had a car that was re-possessed will not affect the filing of a Bankruptcy.
Can you get a repossessed car back by filing chapter 7 or 13 bankruptcy in Arizona?
This would be best answered by a good bankruptcy attorney who knows Arizona law. I believe no matter what you do bankruptcy or not, they will get the car, it does not wipe your credit clean.
If you are planning to file Chapter 7 can you obtain a loan to buy a car before the filing?
You can but 1, if your financial situation is such that you're considering bankruptcy, you almost certainly won't get approved and 2, it wouldn't necessarily be forgiven or dismissed as part of the bankruptcy.
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.
How soon after filing bankruptcy can you buy a car?
Within days after your discharge. You will have to find one of those dealers that arrange financing, and you will pay a high interest, but it can be done. You cannot do it after filing but before discharge, except in a chapter 13, with permission of the court.
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.
Filing a Chapter 7 with 2 payments owing on your car how long do you have in getting it current before the creditor can take it if you plan on curing the default 30 days after filing?
When you file a Chapter 7 bankruptcy, you have the option to keep your home and 1 vehicle. If you are able to make the last 2 payments on the car, you can keep it and not include it in the bankruptcy.
How long after a chapter 7 bankruptcy can someone get a car lease?
You can get a car lease immediately after filing for Chapter 7 bankruptcy. Since it would be a post-petition debt, there is no waiting period provided that you qualify income wise. Some lenders may require you to have a discharge, however, it is not required under the law to lease post-filing.
