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How Do I File For Bankruptcy?

I had to file a bankruptcy when i lost my job due to how bad the economy had gotten..i have since found...?

  • I had to file a bankruptcy when i lost my job due to how bad the economy had gotten..i have since found another job(been there 1 year) and i currently make 17.35/hour...im in need of another car and my question is, will i be able to get one financed with a discharged bankruptcy on my credit report...i don't plan on getting anything fancy...i just want something very reliable and good on gas..i saw a car that is around 15k...i plan on putting down 5,000 which i have saved up and i currently have NO DEBT...will a down payment of that size help me get the car?....is the price too high?...i know i can afford it, being that i don't have any other bills...thanks in advance!!

  • Answer:

    The best option is to buy the best used car you can for $5,000. Many car dealers have "2nd Chance" financing, which is a nice way to say they'll sell you car at a very high interest rate and other horrible terms,.

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It's ultimately up to the bank, but if you walk onto a car lot with $5,000 to put down and the finance manager is worth half their body weight in salt - they'll get you financed. My dad got 3 different cars before his most recent bankruptcy was even discharged. Not all at the same time it was 1, then trade it in and get another and trade that one in on yet another. You'll be fine, just be confident and remember to ask a lot of questions and keep your budget in mind.

You do not state how old the BKK or if you kept any assets that had debt that you have been paying. So not likely unless you get lucky or the BKK is pushing 3 years old

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