My car blew up and now I have to get a new
one but I just filed bankruptcy. Can I buy a new car? My name is Ron Drescher. I’m an
attorney practicing bankruptcy and creditors’ rights in Maryland, Delaware, Pennsylvania
and Virginia, and the good news is you can usually get a car when you’re in bankruptcy.
In Chapter 13 once you’re in bankruptcy, you need to ask your lawyer to file a motion
with the court and get permission from the trustee to get the new car. + You’ve got to
disclose the terms of the new financing and what kind of car it is and how much you’re
paying for it and usually about 30 days later you can get the car and that’s inconvenient
but it’s possible. In a Chapter 7 straight bankruptcy case, you can buy the car the day
after you file bankruptcy if the lender lets you. A lot of lenders though want to wait
until the discharge order is entered before they will sign off on that car loan and that
could take about 90 to 100 days after you’ve filed bankruptcy, but the good news is if
your car blows up, you’ve got to get a new set of wheels. You can do it if you file bankruptcy.
My name is Ron Drescher. I’m an attorney practicing bankruptcy and creditor’s rights, and if you
have a question about whether you can buy a car after you file bankruptcy, please pick
up the phone and call me. I would love to hear from you.