When someone files Chapter 7 bankruptcy and owes money on a car loan, they generally have three options: vehicle surrender, reaffirmation, or redeem.
Do you have big credit card balances and late payments that have hurt your credit score? Unlikely as it seems, you may be able to get a loan to buy a car.
You just completed or are in the process of a Bankruptcy filing. In fact, you are wondering if you can buy a car. In most cases, the answer is YES.
Filing for bankruptcy can have a serious impact on your finances. However, it doesn’t mean that you can’t purchase a car. It can even be advantageous.