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How to Purchase a Car During Chapter 13 Bankruptcy

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Part of the video series: Bankruptcy Questions

What Is the Difference Between Chapter 7 & Chapter 13 Bankruptcy?
The difference between Chapter 7 and Chapter 13 bankruptcy is that with Chapter 7 the consumer agrees to l… More
Can Anyone File for Bankruptcy?
Bankruptcy is a legal state wherein an individual or entity declares an inability to meet financial obliga… More
How Does Chapter 13 Bankruptcy Work?
Chapter 13 bankruptcy works by allowing an individuals to have creditors back off while existing debts are… More
Requirements for Eligibility for Chapter 13 Bankruptcy
Chapter 13 requires applicants to be a natural person, an LLC or any other entity besides a corporation. S… More
How to Apply for Bankruptcy
To apply for bankruptcy, hire a bankruptcy attorney, decide whether to file for Chapter 7 or Chapter 13, a… More
What Happens When You File Chapter 13 Bankruptcy?
… More
How Does Chapter 13 Affect Credit Scores?
Chapter 13 allows an individual to declare bankruptcy, thus removing the right for creditors to collect fr… More
How to Build Credit After Chapter 13 Bankruptcy
Build credit after Chapter 13 bankruptcy by getting prepaid credit cards with small limits and gradually s… More
How to Purchase a Car During Chapter 13 Bankruptcy
Purchase a car during Chapter 13 bankruptcy by getting the trustee's permission to buy a vehicle suitable … More
How to Obtain a Personal Loan After Bankruptcy
The ability to obtain a personal loan after bankruptcy depends on the type of bankruptcy that a person has… More
Renting a House During Bankruptcy
Rent a house during bankruptcy by gathering a copy of the lease and obtaining permission of the Chapter 13… More

Summary: Purchase a car during Chapter 13 bankruptcy by getting the trustee's permission to buy a vehicle suitable with regard to your disposable income. Address a judge and file a motion with the court to purchase a car during Chapter 13 bankruptcy with information from a lawyer in this free video on bankruptcy.

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By Andy Forman
eHow Presenter

Andy Forman, Attorney at Law, has been in bankruptcy representation for over two decades and has lead council in over 3,000 bankruptcy cases. Forman is a member of the Florida Bar and...read more

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"Well you filed chapter 13 bankruptcy and that old clunk of a car went caput on you. My name is Andy Forman and I'm a Consumer Bankruptcy Lawyer in Tampa, Florida and I help people with apter 13 bankruptcies. During the course of your Chapter 13 bankruptcy there are limitations on what you can do financially. The code provides that you are not allowed to incur new secure debts such as a car payment or a mortgage without the trustee's permission. Chapter 13 will contact a Chapter 13 trustee and ask them for permission to buy a car. Those requests are routinely granted provided that you are not buying some exotic expensive sports car. Chapter 13 looks at your disposable income and the trustee is not going to allow you to get an $800 car payment when you are struggling to repay your creditors. If the trustee is not inclined to give you permission that is not the end of the story. You have the ability to go to your lawyer or if you are a pro say debtor to file a motion with the court and you are given an opportunity to address the Judge and explain to the Judge why you selected the vehicle you want such as a truck for work and the Judge ultimately will have the final say on whether or not you can by that car during your Chapter 13 bankruptcy. My name is Andy Forman. Good luck with your Chapter 13."

eHow Article: How to Purchase a Car During Chapter 13 Bankruptcy