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Buying a car while in Chapter 13

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    Buying a car while in Chapter 13

    We filed for Chapter 13 in January and have made 4 payments on our five year plan so far. We just had our second child and are in need of a bigger car. Both of the cars I have right now are being paid through the Chapter 13. Looking for advice on how I could possible trade in one of the cars for something with a little more room. From what I understand, the secure debt gets paid first and then the credit cards. If true, could I trade in one of the cars when paid off?
    Thanks in advance!

    #2
    Congrats on the new addition Make sure you talk with your lawyer and review your plan to include the newest member! As to the car situation, you'd need trustee permission to do anything, so its best to talk with your lawyer about how situations like this work with your trustee.

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      #3
      one of the few places that makes this easy for BK is Carmax. They are great and they do trade ins. give it a try..

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