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You can apply for most anything ... but most likely one will get rejected if there are any negative marks on their credit report.

LEGAL? Now you care about legal. It was a legal requirement you pay all those bills you swore you would pay. Every time you signed that credit card it was making a legal agreement and covered by the laws, that you must pay.

No there is nothing illegal about applying for or getting a loan or such.

However, as a term of your C 13, if it is like 99% of them, you have agreed to NOT MAKE ANY new debt, or change your financial situation, without getting prior approval of the Trustee. (You know, that person who is now in charge of your financial affairs, because you failed to be and YOU asked the court to protect you...).

So getting loans and such isn't against the law. But breaking the agreement you swore to with the court almost always results in the dropping of the protection 9that is the BK you requested) and most frequently is prosecuted as criminal fraud. Courts don't have a great sense of humor about being lied to.

HEY, READ YOUR C 13 AGREEMENT. AND EVEN THEN DO NOTHING WITHOUT TALKING TO THE TRUSTEE.

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Q: Is it legal for you to apply for a PLUS loan if you are currently under at Chapter 13 bankruptcy?
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