0
Assuming you mean can the debtor in a Chapter 13 buy a vehicle, the answer is yes - with the court's permission. You must have a completed purchase and sale agreement with all terms completed and the purchase must not adversely affect your Chapter 13 plan. You file a motion with the attached documents, copies to the trustee and any creditor affected by the transaction or who has filed a request to be copied on all documents filed with the court.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Can i buyout my car lease while in a chapter 13?
In Chapter 13, you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment. The trustee may not allow you to buyout a car lease if other outstanding secured debt needs to be paid.
Can you lease a car in an open chapter 13 bankruptcy plan?
Yes
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.
Can a car be repo'd while being paid for through Chapter 13?
No.
Can you get a used car loan while you are on chapter 13 bankrupty?
Highly doubtful.
If you gave up a car in chapter 13 will you have to pay for it if the chapter 13 is dimissed?
if your chapter 13 gets dismissed can you buy a car
If you have a voluntary car repo while you are in chapter 13 how does it appear on your credit report?
as a repo
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.
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 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
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.
What happens if you give up a car before lease is up turn into dealership after 13 months on a 3 year lease?
If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.
