How Long After a Bankruptcy Can I Get a Auto Loan

[reliant601]

My question involves bankruptcy in the state of: New Jersey

I am considering of claiming bankruptcy on two auto loans that I have had. They have been repo and the total between those loans are a lot of money. Which Chapter will I be filing? Also I would like to know once I claim bankruptcy how long do I have to wait until I can get another car loan?

[jk]

You don't claim BK on specific debt. All of your assets and debt will be a part of this.

as to how soon you can get a loan?

as soon as you can find somebody willing to loan you the money.


There is no set period of time. It is up to the lender. If your BK was due to simply poor decisions and mismanagement of your money, it will usually take longer before you have lenders willing to loan money at a decent interest rate than if you filed BK because it cost $1M to get the injuries from the car accident fixed.