Buying A Car Before Chapter 7 Discharge -

Look for "Special Finance" departments at dealerships. They specialize in working with open Chapter 7 cases. 3. You May Need Court Permission

Ensure the lender knows your case is "open." Some lenders prefer to wait until they see the filing proof to ensure the debt won't be wiped out. The Bottom Line buying a car before chapter 7 discharge

If your current car is still running, try to wait until the day after your discharge. Your credit score often sees a small "bounce" immediately after discharge, which could land you a slightly better interest rate. Look for "Special Finance" departments at dealerships

A Chapter 7 bankruptcy usually takes about four to six months from filing to discharge. While you can buy a car during this window, most experts recommend waiting until after your . At this point, your assets have been reviewed, and you have a clearer picture of your financial standing. 2. Financing Will Be Different You May Need Court Permission Ensure the lender