Can you get a new car loan while paying a chapter 13 bankruptcy?

Answer 1

No--one- the lenders will see the bankruptcy and ask for the discharge date, and two if the bankruptcy court finds out you are applying for credit--this could stop the whole procedure.

ACTUALLY: YES you CAN! we have multiple lenders who will give you a car loan while your bankruptcy is open. Chapter 7 or 13. In a Chapter 13 you will need the trustee and judges permission. Go to www.WashingtonAutoCredit.com to learn more.

Answer 2

First not without approval of your trustee...you can't change any financial things without that...by agreements YOU made to have them take control of what you couldn't handle. And in reality, you ain't finding anyone that would loan you mone really...unless they are taking advanatge of you and charging an absurd rate or such. Finally, YOUR IN BANKRUPTCY, YOU CAN'T BORROW YOURSELF OUT OF DEBT!!! And you've shown you can't pay waht you promise you will.

Answer 3

Assuming you mean, can you get a car loan if you are in a Chapter 13, the answer is yes. You must have a contract for the purchase and loan with all elements determined (no blank spaces) and then file a motion for it to be allowed. If the payments replace a prior car loan or an existing car loan, there should be no problem. If your car loan payments would be significanly higher, you will have to amend your plan to show how you can afford the payments without affecting the plan.

Answer 4

Sometimes. Expect the interest rate to be high. The reason some lenders will give the loans is once a person has had a bankruptcy, they can't file again for 7 years.

Answer 5

Only with permission from the BK court.