Finance a car before filing Chapter 7? Personal Bankruptcy

Sounds like bankruptcy fraud to me.

What does your lawyer think of the idea or haven't you told him yet?

 

Once your bankruptcy is completed (actually after the 341 hearing -
Chapter 7 341 Hearing - Total Bankruptcy )you'll start to receive numerous credit offers, especially to buy NEW cars.





The current vehicle you possess won't be returned until AFTER your bankruptcy has been granted by the judge.

Discuss this further with your attorney, but your credit will quickly improve after the BK, as well as during the process.

In essence, buy the vehicle AFTER the BK is over.

You can keep your current vehicle until a month or two AFTER the bK is over, and you won't need to make any payments.

Smart BK filers save the payments they WON'T be making to further assist with buying a new vehicle.