Filing bankruptcy should I do it before or after I get another car?
on atPosted In: Personal Finance
slytherin_95 asked:
On Thursday I’m due to see a lawyer about filing Chapter 7 Bankruptcy. The problem is I need to try and get another car this month. Should I file bankruptcy before or after I get another car. My current car which I have a debt consolidation loan on is sitting at a mechanic collecting dust because I can’t afford to get it fixed and the debt folks wont release my title even though its a useless car. I can easily get another car with low monthly payments but will that look bad if I file bankruptcy?
Help for wage garnishment issues
On Thursday I’m due to see a lawyer about filing Chapter 7 Bankruptcy. The problem is I need to try and get another car this month. Should I file bankruptcy before or after I get another car. My current car which I have a debt consolidation loan on is sitting at a mechanic collecting dust because I can’t afford to get it fixed and the debt folks wont release my title even though its a useless car. I can easily get another car with low monthly payments but will that look bad if I file bankruptcy?
Help for wage garnishment issues
Add a cheap water fountain to your home or garden
Do it after you get the car.
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If you are filing bankruptcy I really don’t think you need to worry about looking bad…
This is a question for an attorney, because legally there are things you can and can’t do prior to your bankruptcy.
When my mother-in-law filed, she was told that all debt incurred for 6 months prior to the filing would be able to be collected on still….that keeps people from going on buying sprees before their bankruptcies.
But a vehicle for transportation is different,,,and you wouldn’t have to put it on your bankruptsy…
So my answer is to talk to the lawyer about it…he or she will know the laws applicable to the type of bankruptcy you are filing for.
Good luck!
Pilates Machines
If I were you I would do everything I can not to file.
Think about it – you’re filing for Bankruptcy and getting into more debt in the same week.
Sell stuff, cash in anything you can.
If you can borrow from a family member to get the car out of the shop do it.
At the most take out a very small loan and buy a beater – something that runs and is reliable like a little Toyota or something.
You can do this – don’t spend the rest of your life in debt.
Good luck!