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If you file for bankruptcy under Chapter 7, you can often keep your car through a process called reaffirmation. This involves Can You Buy a Car During Chapter 7 Bankruptcy? Auto Loans Yes, if you can also exempt your equity. You'll choose between reaffirming the loan, redeeming the car for its current value, or continuing to pay, if your
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The loan is discharged, so you have no more car loan, but also no more car. If you file Chapter 7 and are current on payments, you can keep the Walk away from your car loan in a bankruptcy! Wondering how bankruptcy will affect your car loan? Attorney David Ienna from Fairmax Law explains your options for managing
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The good news is that you may still be able to purchase a vehicle while your Chapter 7 bankruptcy is pending. Bankruptcy petitioners who are Can I Get a Car Loan After Bankruptcy? Absolutely! How to Buy a Car with a Chapter 7 or Chapter 13 Bankruptcy
There's nothing legally stopping you from financing a new car during Ch7. It's generally ill-advised because you may get better offers/rates