Can you get a car loan with an open chapter 13 bankruptcy?

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Perhaps, but the terms will not be favorable, most especially the rate of interest. It is also a requirement when in a Chapter 13 repayment bankruptcy, that all major financial transactions have the apporval of the bankrutpcy trustee.
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Can you get a home loan while in Chapter 13 bankruptcy?

There is the possibility, although the probability is low. Most consumers find it impossible to get financing with an ongoing Chapter 13 bankruptcy. Usually, you need to have at least 12 months after the BK is discharged before you are lendable again. That being said; there are programs which do not (MORE)

Can you get a loan to purchase a new home while in chapter 13 bankruptcy?

Answer . yes, you can purchase a home while in chapter 13. However, It may be best for you to to wait until you are one day removed from bankruptcy with discharge papers. b/c you will pay a hefty interest rate. If you do this, it may be beneficial to get on a ARM with the goal to refinance w/in (MORE)

Can you get a car loan with an open chapter 7 bankruptcy?

No--one- the lenders will see the bankruptcy and ask for the discharge date, and two if the bankruptcy court finds out you are applying for credit--this could stop the whole procedure. ACTUALLY: YES you CAN! we have multiple lenders who will give you a car loan while your bankruptcy is open. Chapt (MORE)

Can you get a small business loan after you file a Chapter 13 bankruptcy?

\n. \n Answer \n. \nIf you are asking if you can get a loan due to credit issues, then the answer is "yes" so long as your credit score and debt-to-income ratio are satisfactory to a lender.\n. \nIf you are asking if the bankruptcy court will permit it, then the answer is "maybe." You have (MORE)

Where can you find financing for a car loan if you are in a chapter 13 and have a letter from the bankruptcy court allowing you to incur debt in Georgia?

\n. \n. \n. \n Answer \n. \n. \nYou don't need to finance while under bankruptcy.\n. \n. \n Other Contributor Opinions \n. \n. \nThe BK 13 participant may make financial transactions with the permission of the bankruptcy trustee/court.\n. \nIt may prove difficult even with a lette (MORE)

Can you apply for a loan while in chapter 13 bankruptcy?

Not without permission from the bankruptcy trustee/court. Yes. But you will have to overcome a lot of obstacles in order to obtain one. Some lenders will approve a home loan if you are in Chapter 13 bankruptcy but only after you have paid consistently for one year and have a credit score of 620 or (MORE)

Can get a home loan after having 3 chapter 13 bankruptcies dismissed?

Answer . There is no legal prohibition to getting a loan after having three Chapter 13's dismissed, though each one of those Chapter 13's had an impact on your credit rating and may influence a lender negatively in terms of both what they did to your credit score and also just the fact that thre (MORE)

When are you allowed to get another loan after chapter 13 bankruptcy but before discharge?

\n. \n Answer \n. \nGenerally you are supposed to get permission from the Bankruptcy Court to get a loan while you are in a Chapter 13, frequently by filing a Motion to Incur New Debt. If the court deems the loan to be reasonable and necessary, they will grant it. If it is frivolous, unnece (MORE)

If you file Chapter 7 bankruptcy can you reaffirm your car loan for a lower interest rate?

That depends on the state you live in and the loan company. Talk to your lawyer about this.. ans . The bank can always agree to rewrite the loan, which is essentially what has to happen for it to be given a new interest rate. Why they would provide a bankrupt a loan, especially one at a lower rate (MORE)

How can you get out of your chapter 13 bankruptcy faster?

If you own a home and you have made your payments on time to the bankruptcy trustee, you may be able to complete your bankruptcy very quickly. There are several thinks that must be considered. It is very important that you work with a Mortgage Lender who has a lot of experience in this type of refin (MORE)

How can you improve your credit score after filing chapter 13 bankruptcy have no credit cards or loans and car is being paid off through court?

Building you credit can be easy. Since you filed Chapter 13, you will have to get permission to obtain additional credit.. Try one of the following ideas to build your credit:. Ask your bank or credit union about a secured credit card . You can make a deposit to your account and have a credit lim (MORE)

Can you buy a car while in a chapter 13 bankruptcy?

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 (MORE)

How do you file for chapter 13 bankruptcy?

The best way, especially for a Ch 13 is to contact a local attorney. You may end up with a lower repayment plan by using an attorney as well because they understand all the exemptions that you may qualify for. If you are set on doing it yourself, contact the clerk of the local Bankruptcy Court fo (MORE)

Is it legal for you to apply for a PLUS loan if you are currently under at Chapter 13 bankruptcy?

You can apply for most anything ... but most likely one will get rejected if there are any negative marks on their credit report.. ans LEGAL? Now you care about legal. It was a legal requirement you pay all those bills you swore you would pay. Every time you signed that credit card it was mak (MORE)

When we have two car loans can you keep your cars if I file chapter thirteen bankruptcy?

First you should answer some hard questions Is the car worth what you owe on it? Maybe just let it go and start over.....If you let the cars go can you deal with having only one car for a short time? Many dealers will finance bankruptcy customers and charge only higher interest rates.....Will bankru (MORE)

Can you get student loans while in Chapter 13 bankruptcy?

While they cannot be discharged in BK, they can be incurred. But any change in financial circumstances, any new debt, MUST be approved by the BK administrator...or not only will your case be dropped, you would be subject to charges for breaking your agreement with the court. (You really should re (MORE)

Can you get a home loan while in Chapter 13 bankruptcy with a cosigner?

With or without a co-signer...you cannot get any loans, or change any of your financial resposnibilities (especially making new ones) without the approval of the administrator of your case.. Doing so, will have your case dropped and very possibly contemp of court, if not fraud charges levied...you (MORE)

Can you get a new car loan while paying a chapter 13 bankruptcy?

First not without approval of your trustee...you can't change any financial things without that...by agreements YOU made to have them take control of what you couldn't handle.. And in reality, you ain't finding anyone that would loan you mone really...unless they are taking advanatge of you and cha (MORE)

Get a car loan with an open chapter 13?

Assuming you mean, can you get a car loan if you are in a Chapter 13, the answer is yes. You must have a contract for the purchase and loan with all elements determined (no blank spaces) and then file a motion for it to be allowed. If the payments replace a prior car loan or an existing car loan, th (MORE)

What happens to federal student loans during chapter 13 bankruptcy?

The answer differs from one bankruptcy jurisdiction to another, so discuss it with your bankruptcy attorney. In general, student loans are unsecured loans and have to be treated as all unsecured creditors in a plan. The student loan lender cannot use its collection/garnishment powers until the case (MORE)

Is it safe to rent to someone in an open chapter 13 bankruptcy?

What do you mean by "safe"? The rental agreement or lease will not be affected by the Chapter 13, but you as a prospective landlord should make sure the rent amount is in the plan or is supported by the debtor's current income, which would have to be more than the original income. Many Chapter 13s c (MORE)

Can a title loan be deducted in chapter 13 bankruptcy I have a title loan on my car and am filing chapter 13 - but the trustee is objecting based on re Ransom?

Sure the trustee is objecting. Because you are making payments on your car, Ransom v. America Bank , means the amount of money you would be required to pay would be less than if you did not have a title loan. The trustee wants you to pay off the loan before you declare bankruptcy. Update: I have (MORE)

Chapter 13 bankruptcy rules?

Chapter 13 bankruptcy, or reorganization bankruptcy is a very different type of proceeding An individual's debts are not discharged under Chapter 13 bankruptcy, but rather, the individual may lower his debt payments to affordable levels, making payment over a designated period of time. The plan for (MORE)

When is a chapter 13 bankruptcy discharged?

Chapter 13 bankruptcy involves filing a plan with the bankruptcy court suggesting how you will repay your debt. Some debts must be repaid in full while others require only a percentage or nothing at all. Debtors are subject to a very strict budget and repayment plan and when you are done paying all (MORE)

Can they repo your vehicle in an open chapter 13 bankruptcy?

No, this is not legal. When you filed the bankruptcy, you and your property are automatically protected under the "stay." The stay prevents any collections or repossession action for the duration of the bankruptcy, and will not be lifted until the BK is discharged or dismissed.

What is a no asset chapter 13 bankruptcy?

That is not how a Chapter 13 is usually described, since assets are irrelevant except to compare what a Chapter 7 would provide to unsecured creditors. But it is possible that the monthly income or the means test shows the debtor can do a plan, even though the debtor has no non-exempt assets.

Can you cosign for a car while in chapter 13 bankruptcy?

No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself. No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself. No. You would not be a good credit risk nor a sensible guarantor if you are in bankruptcy yourself (MORE)