knorrkendra's blog

Buying a car in chapter 13 can be a real possibility if the bankruptcy court-appointed trustee gives written permission to the debtor. In a typical chapter 13 proceeding, the trustee oversees all finances of bankruptcy filer. And there could be some lenders that are willing to take the risk of lending money to borrowers who are still in chapter 13 proceedings. Normally, chapter 13 requires debtors to pay a portion of debts to creditors through a favorable monthly payment plan that can stretch from 3 to 5 years.