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Answered 2007-02-19 15:44:05
There is no time restraint on purchasing anything after bankruptcy. In fact, as it is "after", barring something like intentional fraud by using undeclared resources that were available at the time of bankruptcy, your actions after filing have virtually no effect on or from the bankruptcy. In the pure sense, even if you won the lottery the week after filing bankruptcy, that wouldn't effect the pre-filing situation. Getting financing for the car may be a different matter. A lender will look at you entire credit profile, and they historically frown upon someone with a, especially recent, bankruptcy on record. However, some lenders have special programs for just tis situation, although at a higher interest rate.
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Related Questions
Are accounts after bankruptcy included in bankruptcy?
Any debt that you accumulate before your bankruptcy filing and have listed on your petition will be eliminated when you receive your discharge as long as your creditors do not file an injunction against you. After you receive your discharge you are welcome and able to open new credit accounts but any debt you accumulate will not be considered a part of the bankruptcy you filed before opening the account.
How long after filing bankruptcy is it discharged?
After you go to court and meet with the bankruptcy trustees, it should only take about 60-90 days to discharge all debts. You have to take the pre-discharge debt managemnt class first before any debt is discharged because the bankruptcy laws have changed.
How long after discharge can you file an amendment for a lien left out of bankruptcy by accident?
me
How long is a chapter 13 bankruptcy on your credit?
10 years from discharge
How long after discharge does it take for the bankruptcy case to close?
when you get a letter telling you, your bankruptcy case is close it close at that time.
How long does a bankruptcy stay on a credit report?
Ten years from the date of discharge.
How long after you file bankruptcy can you file again in Washington state?
8 years between discharge of bankruptcy to re-file.
How long will your bankruptcy stay on my credit if it was discharged in 2001?
10 years from discharge
How long will it take for chapter 7 bankruptcy to discharge?
3 to 4 months
How long after your bankruptcy discharge will it take to get a 1099-C from a creditor our discharge was Dec 12 08?
You should not get a 1099C if the deficiency was discharged in a bankruptcy. Otherwise, you should have gotten one by now.
How long do you have to be unemployed before you can file bankruptcy?
You do not have to be unemployed to file bankruptcy.
What can happen if you don't notify the trustee of inherited money after bankruptcy?
Nothing, or your bankruptcy discharge can be reversed, or you can be fined or sent to prison. It depends on how much you inherit and how long after the bankruptcy you inherited it.
How long does it take after a bankruptcy is discharged to show on your credit report?
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.
How long does a bankruptcy take to discharge in Idaho?
The time-frame for a Chapter 7 bankruptcy case in Idaho is the same as all other states. The discharge should arrive between three and four months after filing. This assumes that no creditor nor the Trustee has filed an objection to such discharge.
How long does chapter 7 bankruptcy take to complete?
It is usually 4 to 5 months from filing to Discharge.
How long does a chapter 7 bankruptcy stay on your credit report in Oklahoma?
10 years from discharge...everywhere
How long can bankruptcy information be reported b a consumer reporting agency?
10 years from the discharge date
Should I move out of my home before the discharge of your bankruptcy is complete?
What has MY bankruptcy got to do with you moving out of your house? Obviously, if the mortgagee is not telling you to leave, and you get to stay rent-free, stay as long as you can, but get as much moved or ready to move as you can. You may not be given much time.
How long do you have to wait to file another chapter 7 if you filed one before the new bankruptcy laws took affect?
8 years from the date of discharge of the previous chapter 7.
When your bankruptcy is discharged can a claim be objected and how long after discharge?
Barring things like fraud or such...once the plan is effected by the court, it's a done deal. Their time to protest was before it was accepted.
Can you rent an apartment after filing bankruptcy?
Most the time you can rent an apartment as long as you can give them a copy of your Discharge Records.
How long does it take to receive bankruptcy discharge papers?
It depends on your case; ask your attorney. For non-asset Chapter 7 cases, I understand it usually takes 6 months. For Chapter 13, you have to complete the plan (up to 5 years) before you can get a discharge.
How long after bankruptcy can you get a home loan?
There's not set time, however you have to have unblemished credit after the discharge of a bankruptcy, mortgage companies like to see at least a year, maybe two.
How long does it take to get a discharge on bankruptcy?
It depends on which bankruptcy you file for. If you file for Chapter 7 Bankruptcy, which includes a liquidation of any assets and paying off your debt once and for all, you'd be looking at a discharge within about 3 months. With Chapter 13 Bankruptcy your attorney would set up a payment plan for you to pay off your debts over a specified amount of time. Normally the payments are scheduled to be completed by the debtor in 3 to 5 years. So the discharge time will vary depending on what is agreed upon in the court. All the required payments must be made before the discharge can occur. I've written about these 2 types of bankruptcy in my blog, where I consider how these processes can affect your tax debt. http://taxreliefsolutions.blogspot.com/2009/06/are-you-considering-bankruptcy-as.html
How long does it take for a bankruptcy to discharge?
If you want to buy a house it takes eight years car is three years so im pretty sure it will discharge in eight years
