Financing during bankruptcy ?

[keepmine]

Thank you for responding.

I had heard of people being able to do it just wasn't sure if this was legal to do or not.

So if someone did get a loan on a vehicle without getting permission from the trustee. Could they get in trouble for doing so ?

It'll just raise the question of, where is the money coming from to afford a monthly payment. It'll throw the accuracy of your schedules into doubt.

[Lacy]

In a Chapter 7 or 13.
In a 13, you need the permission of the trustee to acquire new debt but, it's doable.
In a 7, you are not supposed to incur new debt while the is pending. Also, most finance companies won't fund a loan until discharge because, it's a violation of the auto matic stay to send billing statements until the bk is discharged.

Thank you for responding.

I had heard of people being able to do it just wasn't sure if this was legal to do or not.

So if someone did get a loan on a vehicle without getting permission from the trustee. Could they get in trouble for doing so ?

[keepmine]

In a Chapter 7 or 13.
In a 13, you need the permission of the trustee to acquire new debt but, it's doable.
In a 7, you are not supposed to incur new debt while the is pending. Also, most finance companies won't fund a loan until discharge because, it's a violation of the auto matic stay to send billing statements until the bk is discharged.

[Lacy]

Has anyone ever gotten financing on a vehicle while in bankruptcy ? .... If so is it legal to do that while in it ?