October 9th, 2007 by Questions
If I make a proposal to my creditors and it is accepted, and at some point in the near future I need to replace my car (paid for), is it possible to get a lease or loan to buy a new one?
October 10, 2007 at 9:46 am, Barton Goth GCO Bankruptcy Trustees said:
You wil likely have some difficulty finding a loan or a lease as a result of the negative information that will be listed with the credit bureau, but at the same time you will likely have more available income than previous so the impact may be mitigated somewhat.
At any rate, I have seen a few people with the same type of situation and most everyone of them was able to find a lender who would help them get into another vehicle.
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