7 Discharge - Buying A Car Before Chapter

Ensure the lender knows your case is "open." Some lenders prefer to wait until they see the filing proof to ensure the debt won't be wiped out. The Bottom Line

This isn’t the time for a luxury SUV. Focus on a reliable, used vehicle that fits a strict budget. buying a car before chapter 7 discharge

In many jurisdictions, if you are taking on new debt while your case is active, you might need to notify your . While Chapter 7 is less restrictive than Chapter 13 regarding new debt, it is always best to clear it with your attorney first. You don't want a new car loan to jeopardize the discharge of your other debts. 4. The "Post-Petition" Rule Ensure the lender knows your case is "open

Look for "Special Finance" departments at dealerships. They specialize in working with open Chapter 7 cases. 3. You May Need Court Permission In many jurisdictions, if you are taking on