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Buying A Car During Bankruptcy: Learn The Procedures


Buying a car during bankruptcy would be best to take proper procedure in informing the Bankruptcy Trustee. This can be tricky and may have unexpected consequences if not done properly. Buying a less expensive car at a lower interest rate and payments is usually preferred to reaffirming an upside-down car with a high interest rate and payments. 

Consult with your attorney, it is very important you learn and understand all the possibilities before you take any steps involving the acquisition or sale of any property during your bankruptcy process.

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Legal Research Law FAQView Chapter 13 Bankruptcy FAQ   Legal Research Law FAQView Chapter 7 Bankruptcy FAQ