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Yes, you can get a car loan after bankruptcy. But because of the financial hardships that often lead to bankruptcy, lenders who do approve you will almost certainly charge a high interest rate.
Key takeaways. Chapter 7 bankruptcy may allow you to exempt your vehicle if its value is under the exemption limit. The federal bankruptcy exemption limit is $4,450 until 2025, but it can vary by ...
When you're going through bankruptcy, applying for a loan might be the furthest thing from your mind. "People can absolutely recover from bankruptcy," says Jordan van Rijn, senior economist at the ...
Loans, medical debt and credit card debt are generally all able to be discharged through bankruptcy. Tax debt, alimony, spousal or child support and student loans are all typically ineligible for ...
You get to keep your property with a Chapter 13 claim but you must be up-to-date on secured loans — like car loans — to avoid losing assets that act as collateral.
For instance, if you’re past due on your mortgage or your car loan and you file for bankruptcy, lenders can’t foreclose on your home or repossess your car while the automatic stay is in place.
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