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Can you get a new car loan while paying a chapter 13 bankruptcy?
Wiki User
∙ 15y ago
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. Chapter 7 or 13. In a Chapter 13 you will need the trustee and judges permission. Go to www.WashingtonAutoCredit.com to learn more.
Wiki User
∙ 8y ago
Wiki User
∙ 15y agoFirst 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 charging an absurd rate or such. Finally, YOUR IN BANKRUPTCY, YOU CAN'T BORROW YOURSELF OUT OF DEBT!!! And you've shown you can't pay waht you promise you will.
Wiki User
∙ 14y agoAssuming 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, there should be no problem. If your car loan payments would be significanly higher, you will have to amend your plan to show how you can afford the payments without affecting the plan.
Wiki User
∙ 14y agoSometimes. Expect the interest rate to be high. The reason some lenders will give the loans is once a person has had a bankruptcy, they can't file again for 7 years.
Wiki User
∙ 13y agoOnly with permission from the BK court.
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Can the primary borrower continue paying car loan if co-signer files chapter 7 bankruptcy?
Has to
If you file chapter 7 bankruptcy does that eliminate paying back the parent plus college loan?
Student loans are exempt from bankruptcy as are IRS debts
Paying back a discharged loan after chapter 7 bankruptcy?
There is no reason to repay a loan after a discharged bankruptcy, if you have done so, you can reclaim all your money from the creditor (you'll have to go through court).
What is loan reconcillation?
When you file bankruptcy, you may wish to reconcile a loan. Basically, it's a loan that you have that you don't want to file bankruptcy on. You intend to keep paying it as normal, while still declaring bankruptcy on other loans.
Can you get a mortgage loan if you are in a chapter 13 bankruptcy?
If you are lucky, yes. But most likely, no lender will give you a mortgage loan if you are or have declared bankruptcy.
Can an advance cash loan be part of a Chapter 7 bankruptcy?
Yes, it is an unsecured loan.
Can you get a personal loan with an open chapter 7 bankruptcy?
maybe
Can you get a loan when you are still in chapter 13 bankruptcy?
yes u can
Can my wages be garnished by the student loans while i am in a chapter 13 bankruptcy?
If your bankruptcy is currently active, collection efforts on the student loan will cease until the bankruptcy inactive at which point collection activities will start again.
If your wife included a joint car loan in her bankruptcy but you did not file bankruptcy are you still liable for that loan?
You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.
Is a car loan discharged under chapter 7 bankruptcy?
Whether your car loan is discharged by a bankruptcy or not will depend on your state and the equity in your car. Whether the loan will be discharged or not is called an "exemption".
Can you get a car loan after a chapter 7 bankruptcy?
Yes you can if you have a fair credit score.
