Buying: A Car During Bankruptcy
: Your attorney will submit the buyer's order and budget to the trustee. If approved, the court issues an "Order to Incur Additional Debt".
Because Chapter 13 involves a 3- to 5-year court-supervised repayment plan, any new debt—including a car loan—requires official authorization. buying a car during bankruptcy
: This document from the dealer outlines the car's price, interest rate, and monthly payment. : Your attorney will submit the buyer's order