I am bankrupt and will be discharged in several months. In the meantime, I would like to get a larger car because my family is growing. The problem is that I haven't finished paying off my current car. I've read on several car sales websites that it might be possible to get credit even if you're not yet discharged from bankruptcy. Is this true? What are the procedures I need to follow with my trustee? Do I need to notify them? Are there any consequences?
Legally, nothing prevents a bankrupt individual who has not yet been discharged from obtaining credit, but they must disclose their undischarged bankrupt status to the lender.
Inform your trustee beforehand, who will advise you on how to proceed to avoid any problems.
Inform your trustee beforehand, who will advise you on how to proceed to avoid any problems.
Questions reliées
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