In general, if you don’t make on-time payments on your car loan, your lender can repossess the car. And if you’re in ...

Expect higher rates and less favorable terms because of the bankruptcy on your record. It is possible to get a car loan while you’re in Chapter 13 bankruptcy, but it requires court approval.

Because the car serves as collateral, it can be repossessed by the lender if you fail to maintain payments. Under Chapter 7, the most popular bankruptcy for individuals, you have a few options for ...

Types of Bankruptcy Filings Enacted by Congress in 1978, the Bankruptcy Code outlines different bankruptcy types for various situations. For example, Chapters 7 and 13 ... car. To qualify for a ...