answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can you get a derement on your auto loan if you are in chapter 7 bankruptcy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

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 you get approved for a new car loan after your chapter 13 bankruptcy is dischared?

yes, I did.


Can you get an auto loan after filing for bankruptcy but before it is discharged?

Yes, you can get an auto loan before bankruptcy discharge. If you have filed a chapter 13 bankruptcy, you must receive permission from the court trustee. Contact your attorney to begin the process. The court will set limits as to maximum loan amount and monthly payments. DO NOT apply for a loan of any type before getting approval from the court! Doing so could be grounds for dismissal of your bankruptcy, depending on the regulations of your particular court district. If you have filed a chapter 7, there are certain automotive lenders who will finance you after you have attended the (sect. 341) meeting of creditors. However, if you are unable to find one of these lenders, your discharge is usually granted within a few weeks of the 341 meeting and you will be able to purchase then.


How can one get a loan if they have declared bankruptcy?

Getting a loan after bankruptcy can be difficult depending on what type of bankruptcy one files. A Chapter 13 bankruptcy, one cannot even apply for credit during the length of the bankruptcy. In a Chapter 7 bankruptcy, that is a different story. One can file Chapter 7 bankruptcy and as soon as it is discharged can apply for credit. The only problem with getting a loan after bankruptcy is that you may have to have a co-signer until you build up some positive credit.


How hard is it to get a mortgage after chapter 13 discharge?

If you have just filed bankruptcy, you will not be barred from ever obtaining a mortgage loan; however, you will not be able to get one immediately. When you can get a mortgage after bankruptcy will depend upon the type of loan you want, the type of bankruptcy you filed, and how good your credit is at the time you want the loan.

Related questions

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


If you co sign on a auto loan and they file chapter 13 bankruptcy how do you keep your credit from showing not paid on time?

You know the answer: YOU have to make the payments. You agreed to do that when you signed the agreement. Of course, you may be eligible for bankruptcy also.


Can auto and home defiencies and garnesheements be entered into a ch13 bankruptcy?

If you mean, can they be included in a chapter 13, the answer is, they must be. If you mean, can you file a chapter 13 because of garnishments and secured loan payment arrears, yes, that's what chapter 13 is for.


Your ex has filed bankruptcy and you are a cobuyer on the auto loan what will happen now?

You will be responsible for the loan payments


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.


Can you get approved for a new car loan after your chapter 13 bankruptcy is dischared?

yes, I did.


Where to auto finance after being dischardged from chapter 13?

Just about anywhere. After a Bankruptcy either chapter 7 or 13. The banks are more willing to give you a loan becaus of the fact that you cannot file for another seven years.


Does filing bankruptcy decrease the chances of you obtaining a home or auto loan?

Absolutely.