Comments on: If i buy a brand new car and 2 months later i file for chapter 13 bankruptcy can i keep the car and still pay? http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/ Helping you make smart bankruptcy decisions Fri, 23 Sep 2011 08:10:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jennifer http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/comment-page-1/#comment-3013 Jennifer Mon, 01 Feb 2010 02:39:59 +0000 http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay#comment-3013 Hi, I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58% and improve my credit score .It's legitimate . I came across this company on NBC News Special Edition.Check it out here: http://Credit-Solutions.notlong.com<br><b>References : </b><br> Hi,

I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58% and improve my credit score .It’s legitimate . I came across this company on NBC News Special Edition.Check it out here:
http://Credit-Solutions.notlong.com
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]]> By: Lauren F http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/comment-page-1/#comment-3012 Lauren F Mon, 01 Feb 2010 02:01:59 +0000 http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay#comment-3012 Why would you go into debt buying a brand new car if your finances are in such bad shape that you are considering bankruptcy? How about buying a decent but older used car and use the money you would have spent on car payments to pay off your debt?<br><b>References : </b><br> Why would you go into debt buying a brand new car if your finances are in such bad shape that you are considering bankruptcy? How about buying a decent but older used car and use the money you would have spent on car payments to pay off your debt?
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]]> By: Robin http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/comment-page-1/#comment-3011 Robin Mon, 01 Feb 2010 01:47:59 +0000 http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay#comment-3011 Actually, many attorneys will advise their clients to go ahead and buy a new vehicle before entering into a chapter 13 bankruptcy. It increases your necessary payments, and allows you to reduce your expendable income, so you end up paying less on your non-secured debt, such as credit cards. You should consult with a bankruptcy attorney in your area to figure out if such action makes sense in your case. Your attorney will need to prepare a plan that shows you are at least able to pay your secured debts through the plan which requires going through all of your income and expenses.<br><b>References : </b><br>Chapter 13 FAQ: http://www.bankonitsd.com/San_Diego_Bankruptcy_FAQ_13.html Actually, many attorneys will advise their clients to go ahead and buy a new vehicle before entering into a chapter 13 bankruptcy. It increases your necessary payments, and allows you to reduce your expendable income, so you end up paying less on your non-secured debt, such as credit cards.

You should consult with a bankruptcy attorney in your area to figure out if such action makes sense in your case. Your attorney will need to prepare a plan that shows you are at least able to pay your secured debts through the plan which requires going through all of your income and expenses.
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Chapter 13 FAQ: http://www.bankonitsd.com/San_Diego_Bankruptcy_FAQ_13.html

]]> By: Jay P http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/comment-page-1/#comment-3010 Jay P Mon, 01 Feb 2010 01:30:59 +0000 http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay#comment-3010 If you have the ability to buy a new car before filing for bankruptcy, you are not bankrupt and will probably not pass the means test.<br><b>References : </b><br> If you have the ability to buy a new car before filing for bankruptcy, you are not bankrupt and will probably not pass the means test.
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]]> By: Wynell http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/comment-page-1/#comment-3009 Wynell Mon, 01 Feb 2010 01:20:59 +0000 http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay#comment-3009 try this site (i've used it): http://infobusiness1.notlong.com/7AAJf8c<br><b>References : </b><br> try this site (i’ve used it): http://infobusiness1.notlong.com/7AAJf8c
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]]> By: Rufus http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay/comment-page-1/#comment-3008 Rufus Mon, 01 Feb 2010 01:10:59 +0000 http://www.smartbankruptcyguide.com/chapter-13-bankruptcy/if-i-buy-a-brand-new-car-and-2-months-later-i-file-for-chapter-13-bankruptcy-can-i-keep-the-car-and-still-pay#comment-3008 If you have enough outstanding debt to force you to claim bankruptcy, then you probably can't get a car loan. If you can get approved however, it is up to the bank whether they will let you keep the car and continue making payments. It's worth a try. Worst case, you have a new car for a couple of months till they take it away.<br><b>References : </b><br> If you have enough outstanding debt to force you to claim bankruptcy, then you probably can’t get a car loan. If you can get approved however, it is up to the bank whether they will let you keep the car and continue making payments. It’s worth a try. Worst case, you have a new car for a couple of months till they take it away.
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