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  1. #1

    Default Applying for a Loan or Credit Card Before the Final Order from a Bankruptcy Court

    My question involves bankruptcy in the state of: Tennessee

    My chapter 7 bankruptcy was discharged 6 months ago. The bankruptcy is still open (case not closed) because the house loan was not reaffirmed and the trustee thought she could sell it for a profit.

    Is it lawful for me to enter into contract agreements for loans or credit cards?

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Can I Get a Credit Card or Loan After Discharge or Must I Wait Until the Bankrupt

    That's a question you should be asking your bankruptcy attorney.

  3. #3
    Join Date
    Oct 2014
    Posts
    8,238

    Default Re: Can I Get a Credit Card or Loan After Discharge or Must I Wait Until the Bankrupt

    Quote Quoting teacher94565
    View Post
    My question involves bankruptcy in the state of: Tennessee
    Is it lawful for me to enter into contract agreements for loans or credit cards?
    No law prohibits you from getting loans. It’s entirely up to the lender. So long as you are honest in the information you give the lender when you apply, it’s the lender’s decision whether to grant you a loan. Not many will grant you loans (and certainly not at good rates) at this stage of the game. As for whether getting loans now would have any adverse impact on your bankruptcy, that’s something to ask your bankruptcy lawyer.

  4. #4

    Default Re: Can I Get a Credit Card or Loan After Discharge or Must I Wait Until the Bankrupt

    Quote Quoting adjusterjack
    View Post
    That's a question you should be asking your bankruptcy attorney.
    My attorney didn't have a problem with it, someone on this forum said I couldn't. I think it is common for people to obtain credit cards, loans, or enter into contracts after a discharge and before the trustee settles the entire estate.

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