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Bankruptcy Law/BUYING A CAR AFTER BANKRUPTCY

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Expert: - 12/16/2008


Question
OUR BANKRUPTCY WAS DISCHARGED IN OCT.  WE ARE SENIOR CITIZENS AND NEED TO PURCHASE A USED CAR.  WILL WE BE ABLE TO FINANCE A CAR NOW.? OR WILL A NEW CAR BE MORE ACCEPTABLE TO LENDERS....WHAT A MESS TO BE IN...MUST CASH  BE INVOLVED AND WHAT ABOUT CO-SIGNERS DOES THAT HELP>>THANK YOU   NANCY

Answer
I cannot tell you what an individual lender/dealer is going to do or not do.  You may have difficulty getting financing compared to before, but you should still try.  A lot depends on your job status/income and other factors unrelated to the bankruptcy case as to whether a lender will extend you credit.   And yes, getting co-signers can help.

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Mark J. Markus- California Bankruptcy Attorney

Expertise

Mark J. Markus is a Los Angeles bankruptcy attorney who has practiced exclusively bankruptcy law in California since 1991 and is rated A+ by the Better Business Bureau and is AV-rated by Martindale-Hubbell. He represents debtors, creditors, and Trustees in Chapter 7, Chapter 11, and Chapter 13 of the bankruptcy code throughout California.

Experience

Visit our California bankruptcy webpage at http://www.bklaw.com for more information on bankruptcy in general and Mark J. Markus in particular. Many questions are answered on the web page (hint, hint).
The Markus webpage also contains more information on

  • Which Chapter to File,
  • business bankruptcy,
  • chapter 7 bankruptcy,
  • chapter 11 bankruptcy,
  • chapter 13 bankruptcy,
  • Do You Need a Lawyer to File Bankruptcy?
  • Frequently Asked Bankruptcy Questions

    Also visit our Los Angeles bankruptcy blog for interesting articles and much more.



    Organizations
    Central District Consumer Bankruptcy Attorneys Association (CDCBAA) Los Angeles County Bar Association (LACBA) Commercial Law & Bankruptcy Section of the Los Angeles County Bar Association Financial Lawyers Conference (FLC) National Association of Consumer Bankruptcy Attorneys (NACBA) Los Angeles Bankruptcy Forum (LABF) American Bankruptcy Institute (ABI) San Fernando Valley Bar Association (SFVBA)

    Publications
    Central District Consumer Bankruptcy Attorneys Association Newsletter September 2007 (Vol. 1, Issue 2)

    Education/Credentials
    J.D., University of Arizona 1990. B.A. Economics, California State University, Northridge 1986. For more details please click here

    Awards and Honors
    AV Rated by Martindale-Hubbell (http://www.martindale.com) A+ Rated by Better Business Bureau

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