answersLogoWhite

0


Best Answer

You can but 1, if your financial situation is such that you're considering bankruptcy, you almost certainly won't get approved and 2, it wouldn't necessarily be forgiven or dismissed as part of the bankruptcy.

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you are planning to file Chapter 7 can you obtain a loan to buy a car before the filing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

When you file a Chapter 13 bankruptcy and it is dismissed you decide not to go on with it will this show up on your credit report?

The filing of a Chapter 13 SHOULD show on your credit report. The dismissal MAY show. Without seeing all three of your credit bureau files, there is no way to know for certain. You should obtain copies of all three reports from Equifax, Experian and Transunion. Dispute the appearance of anything having to do with a bankruptcy if you did not "go through with it".


Where can you obtain a good retirement planning worksheet?

There are many sources for retirement planning worksheets. The most reliable sources appears to be located at the United States Department of Labor website.


Is your credit bad after chapter 7?

As long as you don't obtain any collections, late pays, etc. after the discharge of the bankruptcy.


How soon after chapter 7 can you get a loan?

There is no time frame for this and it depends on the loan type. Car loans are the easiest to get after filing bankruptcy. Cash loans are the hardest to get. Also credit cards are difficult to obtain with a bankruptcy on your credit report. Once you file, keep in mind you are now a "high risk" to banks and creditors. Your APR's will be very high, and that's if you get the credit of any kind to begin with.


Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage?

This question is incomplete. In most districts, you cannot incur new debt if you are a debtor in an active chapter 13 case. To refinance or incur any new debt, you have to obtain the consent of the Standing Chapter 13 Trustee in your case.

Related questions

How do you obtain an extension of two weeks to file your initial schedule in a chapter 7?

You must file a motion to extend the time, and it must be filed before the time for filing has expired. Read your local rules.


Can you obtain a mortgage after filing Chapter 7 if you just filed chapter 7 in December 2005 and are moving and your wife has good credit and can you both be put on the mortgage?

yes you can !i know from experience that you can the day you leave the courthouse!!!!!!


Is it necessary to obtain a lawyer for the conversion of chapter 13 to chapter 7?

No. The person would file a "motion to convert" and fill out the required forms. The party involved should make certain that they claim all their legal exemptions particularly the Homestead Exemption,(if it's applicable). Some states it is required that the homestead exemption be filed before filing a 7 or it will not be valid.


Does it hurt to apply for a credit card 3 years after filing Chapter 11?

Depends on how you define "hurt." You may well be able to obtain an account, the interest rate would probably, be painful.


Can you sell my home while in a chapter 13 bankrupcty and keep the profits?

You will need to obtain the consent of the Chapter 7 trustee before selling any property of the bankruptcy estate.


Where can one obtain a financial planning certificate?

One can obtain a financial planning certificate by going to the Get CFP Certified website. The website has tools that allow people to become certified in financial planning.


Will it be hard to obtain a home loan after filing bankruptcy?

Virtually impossible.


Can you get a place to live after filing chapter 7?

Bozo No, you'll be homeless for the rest of your life. Of course youcan can "get" a place to live. However, it makes it very difficult to obtain financing to buy a home but you'll have no problem getting a rental.


What degree does one obtain when finishing their financial planning studies?

The degree you obtain when finishing your financial planning studies is an MBA in Financial Planning. You can find more information on how to earn a degree online at the Callutheran Website.


To succeed in gaining possession of as the result of planning?

OBTAIN


Where can you obtain chapter summaries of 'The Clay Marble'?

You can obtain the chapter summaries of "The Clay Marble" at your local library. Most libraries and even many schools offer copies of Cliff's Notes that list all chapter summaries.


Will filing Chapter 7 allow your insurance company to cancel your insurance or increase your rates?

The insurance industry has pulled credit for many years to determine eligibility and rates. Rather than obtain a general answer to your question, why not pose it in a specific form to your agent?