QUESTION
If one spouse is in bankruptcy, can the other spouse buy a car?
Asked on Mar 09th, 2014 on Bankruptcy - Connecticut
8 ANSWERS
Debt Relief Attorney serving Anaheim, CA
Partner at
Marlin Branstetter Attorney at Law
The non-filing spouse would not be prevented from buying a car. If the lender considers the credit history of both spouses it could mean a higher interest rate.
Answered on Mar 12th, 2014 at 1:46 AM
bankruptcy Attorney serving Paul, ID
at
Paul N. J. Ross Law, PLLC
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Need more information. Type of bankruptcy, is a car being traded in, and more. Chapter 7 and 13 will give different results.
Answered on Mar 11th, 2014 at 3:14 AM
It all depends on the lender, so shop around and you can probably find one to finance the non-filing spouse.
Answered on Mar 11th, 2014 at 3:13 AM
2 Awards
Yes, the non-filing spouse can purchase a car.
Answered on Mar 10th, 2014 at 7:50 PM
Sure, as long as you have the cash to do so or can obtain the necessary credit.
Answered on Mar 10th, 2014 at 7:50 PM
Deborah F. Bowinski
Yes, although it will likely depend upon a number of factors including the non-filing spouse's income and whether there are joint debts for which the non-filing spouse will remain liable. It may also depend upon which type of bankruptcy case has been filed. If it is a chapter 13, without modification of the plan the non-filing spouse's income may be needed in order to cover household expenses and the chapter 13 plan payments.
Answered on Mar 10th, 2014 at 7:48 PM
Appellate Attorney serving Grosse Pointe Farms, MI
at
Musilli Brennan Associates, PLLC
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That should be possible if their credit allows it.
Answered on Mar 10th, 2014 at 7:48 PM
Yes. Your financial situation and your spouses financial situation are entirely separate unless you have filed jointly.
Answered on Mar 10th, 2014 at 7:47 PM
Information provided doesn't create an attorney/client privilege nor constitute an offer of services and is only general responses to hypotheticals