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Yes, you can buy a car and have it financed before bankruptcy is discharged.

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โˆ™ 2014-04-15 10:52:13
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Q: Can you buy a car and have it finance before bankruptcy discharged?
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Related questions

What happen if you file bankruptcy and have not been discharged and buy a car and have it finance?

If you file bankruptcy and you have not been discharged the car that you buy can be used to finance it.

Can you buy a car cash before the bankruptcy is discharged?


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.

Can you buy a car one year after filing chapter 13 and can your creditors take your car if you don't wait until you're discharged from your bankruptcy?

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.

Can you buy a car after filing bankruptcy before you get a discharge?


Is it okay to purchase a car before you file bankruptcy?

Yes, as long as it is not excessive and you plan on paying it back. In other words don't buy a Mercedes if you usually drive a Honda. And any auto loan made within 910 days before bankruptcy cannot be discharged. So if you can't pay for it they can come repossess it.

What should you have before you buy a car with finance?

A Job

When you file for bankruptcy how long before you can buy a house?

When you file for bankrupt, you can wait for 2 years before u can buy a house.

Is it better to buy a car with a horrible credit history or wait until a bankruptcy is discharged?

Wait until the bankruptcy is discharged. Dear Lord, yes, wait until the debt is discharged! Otherwise you will get stuck with horrendous interest rates which, even if you can afford the resulting inflated monthly payments, will take forever to build any positive equity in the vehicle. And remember that a discharged debt is not the same as a charged-off will still owe a charged-off debt.

Can you cash in an IRA and buy a car with the money before your bankruptcy is discharged if you've already been to your 341 Meeting?

you must know very well that you can buy anything you want with the $$ in someone else's name. Tell your trustee that you have some sort of problem or addiction, and they would not be able to trace the $$.

How soon after chapter 7 bankruptcy can you buy a new car?

The day you get your discharge paper. I do caution against that because ANY bad mark after a bankruptcy is taboo and you will not be able to finance anything for a long time.

You declared bankruptcy a year ago it has been discharged can you rent to own a home?

Yes. You can buy one too. But getting a loan may still well be impossible.

How long after chapter 7 bankruptcy can you buy a new-used car?

The day you get your discharge paper. I do caution against that because ANY bad mark after a bankruptcy is taboo and you will not be able to finance anything for a long time.

According to bankruptcy laws, how long must one wait after filing bankruptcy before they can buy on credit again?

Bankruptcy laws do not prohibit a person from opening another credit account. However, it may be difficult to find a bank willing to extend credit to someone who has filed bankruptcy. In addition, consumers should be careful not to repeat past mistakes. Once bankruptcy has been filed, it is a good idea to operate on a cash basis to re-learn the essentials of personal finance.

Can you buy a new car before filing for chapter 7 bankruptcy?

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?

How do you buy a car after bankruptcy?

It will probably be at least 2 years before you will be able to finance a car. More than likely , you won't be able to finance a new car unless you have a VERY LARGE down payment (at least half of the sticker price. Expect to pay very high interest on the loan. You can do it but it will cost you.

What happens if you buy a car with outstanding finance?

Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.

My bankruptcy was discharged I brought a car for my friends daughter and she was making the paymentnow she stop what happens to the car it's been 6 month and nobody looking for it.what to do?

Your bankruptcy was not discharged, unless it was thrown out of court. Your debts were discharged. You can keep making the payments, find somebody who will take the car and make the payments, or call the lender to make a "voluntary repossession." You will then learn what a dumb move it was to buy the car, since you will be liable for any deficiency and you cannot file c. 7 again for 8 years.

Is it possible to get financing to purchase a house and a car after filing Chapter 7 bankruptcy for the second time?

You need your Bankruptcy Chapter 7 to be discharged first before getting a loan to buy a house. Most lenders require two to four years of re-established credit before they will consider making you a loan. However, many lending sources are competing today to make loans to borrowers with less-than-perfect credit even if you have had your Chpter 7 discharged less than two years ago. You may need to put down a sizable down payment,and have sufficient income to qualify howevevr. there are some mortgage lenders that will allow one day out of bankruptcy with 100% financing

Can you buy a home before the bankruptcy is discharged?

I believe that most lenders will require 2 years from the date of discharge. Depending on your payment history over the last 12 months some may be able to make an exception. Keep in mind that the date of discharge is different from the date the bk was filed.

How do you buy a house that is going to sheriff sale from the creditor before the sale?

Not possible if it is coming from bankruptcy court (it probably is)

After Chapter 7 bankruptcy has been Discharge can buy a home?

After Chapter 7 bankruptcy has been Discharge can buy a home

How can I buy a motorcyle during bankruptcy?

I hate to break it to you but in my opinion you can not afford to buy a motorcycle if you are in bankruptcy unless you have cash saved up.

How difficult is it to get a car loan after being discharged from chapter 13 bankruptcy?

It's fairly easy to buy a nice used car after you've been discharged from bankruptcy; there are companies that send mailings to these people offering them car loans. You'll pay a high rate of interest,though. Buying a nsw car or leasing a car tends to be more difficult, but if you have an income adequate to pay off the loan, you may be able to get those, too.

Can you buy a house if you have filed bankruptcy?