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Check your local bankruptcy exemptions. Find out what the vehicle exeption is (In Ohio its $1,000). Buy a car that is worth around that much and then discharge everything else.
You can also bank something equal to what you spend on the car (minus the exemption). Most bankruptcy Trustees will allow you to "pay the dif" of blue book - exeption. So, if you have a $1,000 exeption and buy a $6,000 car- you may be able to pay the Trustee $5,000 (sometimes over a period of time) and they will let you keep the car.
Chap 7 "Federal" exemption for cars is currently $12,000. You may decide to choose your state exemption instead if parts of it are more friendly to your filing.
try www.nolo.com for answers
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How soon after bankruptcy can you buy a car loan?
As soon as you get the cash to pay for it
Can you buy a car after chapter 13 dismissed?
Dismissed or completed? If it were dismissed, your credit report will show that you filed for bankruptcy. Obviously, if you filed bankruptcy your credit is not great. You certainly can buy a car for cash. Finding someone to lend you money; or getting a loan will be more difficult.
Can you declare bankruptcy and get out of a car you owe way more than its worth?
for sure
Can you put your car you paid cash for in bankruptcy if i went to get a title loan on it?
no
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.
Should you wait until after bankruptcy discharge to pay cash for a car?
no you should not
Can you buy a car and then immediately declare bankruptcy and keep it?
No, the Bankruptcy trustees assigned to the case will look back approximately 6 months or upwards of 12 months for large purchases and funds transfers. The timing varies between jurisdictions but the general answer is no, you cannot.
What are the benefits of selling a used car for cash?
You can buy a better car with the cash
How do I buy a car for cash in ny state?
You find a car for sale, you get the cash, and you pay for it.
Can you go to jail after your car has been repossessed and you don't want to pay the loan?
No you can't be sent to prison.You can declare 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.
What The Best Way to buy A Car?
cash
