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Should I buy a car before BK?

Posted on: 16th Sep, 2010 10:41 am
I have a car with 160k+ miles...and was told I should get another before filing. It is essentially dead/dying and a friend is going to loan me a couple thousand to buy.

I believe I can get a loan at very high rates.

Should I do this? How long do I have to wait to file after purchasing?

Thank you,

Troy
Hi tstoneami!

Welcome to forums!

As far as I know, you shouldn't buy a car just before your bankruptcy filing. You should file bankruptcy and get it discharged and then look out for financing in order to buy a car.

Feel free to ask if you've further queries.

Sussane
Posted on: 17th Sep, 2010 01:06 am
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