QUESTION
Am I okay to get a loan on a vehicle if I just filed for Chapter 7 bankruptcy and haven’t been to meeting of creditors?
Asked on Aug 19th, 2017 on Bankruptcy - Oregon
5 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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I would advise you to wait until your creditor?s meeting before getting any new loans.
Answered on Oct 27th, 2017 at 9:48 AM
1 Award
Yes.
Answered on Oct 25th, 2017 at 6:52 PM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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Generally you should not incur any new debt without the trustee's consent. The important date is the date you file for bankruptcy petition, not the date of the meeting of creditors.
Answered on Oct 25th, 2017 at 6:22 AM
It might be difficult, and you should disclose it at your hearing, but it's not illegal.
Answered on Oct 24th, 2017 at 9:17 PM