How long after filing bankruptcy can I buy a car?

If you're wondering if you can buy a car after chapter 7 bankruptcy, the answer is yes.

But you may have to wait a few months.

Approximately 60 days after your 341 meeting, your bankruptcy will be discharged.

At that time, your previous debts are expunged and you may begin to apply for credit, including an auto loan.

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Can I buy a car if I filed bankruptcy?

If you're wondering if you can buy a car after chapter 7 bankruptcy, the answer is yes.But you may have to wait a few months.Approximately 60 days after your 341 meeting, your bankruptcy will be discharged.At that time, your previous debts are expunged and you may begin to apply for credit, inclu...

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Can you buy a new after filing bankruptcy?

yes, the financing will likely cost more however (i.e., interest)

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How can I buy a car after bankruptcy?

Here are quick tips on car buying after bankruptcy: Repair Your Credit. Re-Establish Your Credit. Shop, Shop, Shop for Your Car Loan. Set Your Sights on a Reliable, Inexpensive Vehicle. 5. Make Your Payments on Time.

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How soon after you file bankruptcy can you buy a car?

So, buying a car after bankruptcy is possible, even within six months of your final discharge date.Once your bankruptcy is complete, you'll want to take steps to rebuild your credit before you start making major purchases.

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How can one get a car loan after filing bankruptcy?

To receive a car loan after filing for bankruptcy you will probably have to rebuild your credit before applying. You can also find a co-signer with amazing credit to counteract yours.

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Can I buy a house after bankruptcy?

It is possible to buy a house after bankruptcy, but it will take some patience and financial planning.While you may qualify for a mortgage sooner, it's a good idea to wait two years following the bankruptcy since you'll likely get better terms, including a better interest rate.

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Can you lease a car after filing for bankruptcy?

Depends. Some dealerships won't even look at you if you have bankruptcy in your credit history. Others might, but it usually comes at the cost of high interest rates.

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Can your car be repossessed after filing bankruptcy?

When you file for bankruptcy and before it is granted, all debt collection activity has to stop until the court hears your bankruptcy case.This means that as soon as you have declared for bankruptcy, your lender cannot repossess your car and also cannot file to begin collecting on the debt.

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How long after buying a car can I return it?

Dealer Policy There are some dealers that offer between 24-hours and up to a whopping 30 days of grace period after purchasing a new vehicle.Some dealerships return the full purchase price during this time with no questions asked while others will pro-rate your purchase just as if you had rented...

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Can I keep my financed car if I file bankruptcy?

The motor vehicle exemption helps you keep your car, truck, motorcycle, or van in Chapter 7 bankruptcy by protecting equity in a vehicle.If you're behind on your car loan, you can't keep your car unless you work out a plan to bring your payments current before you file for bankruptcy (more below).

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Can I keep my cars if I file bankruptcy?

Keeping Your Car in Chapter 7 Bankruptcy In return, you must give up nonexempt property -- the bankruptcy trustee sells the property and uses the proceeds to pay your unsecured creditors.Whether you can keep your car in Chapter 7 depends on (1) whether your equity is exempt, and (2) whether you ...

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Should I buy a car before or after bankruptcy?

In most cases, you can qualify for a car loan shortly after receiving your bankruptcy discharge.If you have a decent amount of income, many car dealers will be willing to finance your purchase despite your bankruptcy.While in bankruptcy, you must obtain court permission before taking out a new lo...

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What can I keep if I file bankruptcy?

In Chapter 7 bankruptcy, exemptions determine what property you get to keep, whether it be your home, car, pension, personal belongings, or other property.If the property is exempt, you can keep it during and after bankruptcy.

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Can you buy a new car after filing Chapter 7?

If you're wondering if you can buy a car after chapter 7 bankruptcy, the answer is yes.But you may have to wait a few months.Approximately 60 days after your 341 meeting, your bankruptcy will be discharged.At that time, your previous debts are expunged and you may begin to apply for credit, inclu...

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Can you buy a car one year after filing chapter 13 and can your creditors take your car if you don't wait until you're discharged from your bankruptcy?

While in a Chapter 13 debt repayment bankruptcy, you must consult the bankruptcy trustee before engaging in a major financial transaction, such as the purchase of a vehicle.

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Can a person be taken back to court after filing bankruptcy?

And so on

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Can I get my repossessed car back if I file bankruptcy?

If you've had your vehicle repossessed because you haven't kept up with the payments, you may be wondering if you can get your car back by filing for bankruptcy.While the exact circumstances vary by state, in most cases the answer is yes -- filing for bankruptcy can assist you in getting your veh...

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How long after bankruptcy Do they take your car?

Once the bankruptcy is discharged, the Official Receiver cannot claim any other assets if you applied for a personal bankruptcy.The Official Receiver will typically claim and seize any equity within three weeks at the earliest and twelve weeks (3 months) at the latest.

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How long after buying a car can it be returned?

Arizona now has a used-car warranty, protecting car buyers for 15 days or 500 miles, whichever comes first. During that time, as the Arizona Attorney General's office interprets it, the major systems of the car must be working. If there is a problem, you are responsible for the first $25 of the f...

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Is it hard to buy a car after bankruptcy?

In most cases, the answer is yes.Some people might have freed up enough income (because of discharged debts) to be able to pay cash for a vehicle.Most people will need a loan.But car loan lenders are often willing to let you finance a car after bankruptcy -- although you're likely to pay very hig...

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What happens to my car when I file bankruptcy?

So, if you stop making car payments, your lender will repossess and sell your car in order to pay off your debt.The fact that a car loan is secured debt affects what happens to the car loan after bankruptcy, because secured debts are treated differently from unsecured debts.

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What are the steps to buying a car after bankruptcy?

One may buy a car after declaring bankruptcy by first re-establishing a credit rating. One may do this by first paying all of your bills on time, including rent and utilities. One should also not close down any accounts until one's complete financial circumstances are established. If one needs to...

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How soon can I buy a car after a repo?

Being approved for a car loan after a repossession is often only possible if you wait until at least one year has passed.

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Can I file bankruptcy to get my name off a mortgage?

Yes you can file bankruptcy and get the mortgage indebtedness discharged, but you must list all of your creditors.Your name would not come off the mortgage, but the debt would be forgiven.You cannot file bankruptcy just to get out of one debt, you file to get out of all of your debt.

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Can i buy a car after repossion?

Yes, usually at an auction.

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How long must one wait to get a loan on a new car after declaring bankruptcy?

To get a loan on a new car after declaring bankruptcy, you have to wait until you can rebuild your credit. You can rebuild your credit in as little as 2-3 years if you work at it and start out by building up your credit with small things.

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Can I get a job after filing Chapter 7?

In conclusion, a person usually can obtain a job after their Chapter 7 Bankruptcy case is filed as long as the income the intent to receive does not give them disposable income at the end of the month.

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How long after an accident can you file a police report?

How Long After An Accident Can You File A Police Report.Most states by law will require that you report a car accident immediately.Majority of the states claim that If you don't do so, you will only have 10 days after an accident to file a report.

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How long after bankruptcy will my credit score go up?

Under current regulations, a Chapter 13 bankruptcy will remain on your credit report for up to seven years after the date that you file for bankruptcy protection.A Chapter 7 bankruptcy will remain on your credit report for up to 10 years.

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How long can you file a police report after an accident?

For instance, accident victims are required to complete and submit a Driver's Crash Report within 10 days of their crash if a police report was not filed and: The accident resulted in physical injury or death; or.The accident resulted in property damage of at least $1,000 or more to at least one ...

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You claimed chapter 7 bankruptcy how long will it take to buy a car?

Finding an Bad Credit Auto Finance loan at reasonable rates and terms can be very difficult. Online auto finance loan programs offers a no cost, no hassle approach to helping people with bad credit issues find a new auto loan or used auto loan from the privacy of your home. If you think that your...

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How long do I have to change my mind after buying a car?

If for whatever reason you decide the Hyundai model you bought from us isn't that perfect vehicle, we'll take it back within 3 days following the purchase for the full value you paid or allow you to exchange it for another one of our vehicles.

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What happens to a leased car when you file bankruptcy?

When you file for bankruptcy, the automatic stay stops all collection actions, including efforts by a car lessor to repossess a leased car.However, if you are behind on your car lease payments when you file for Chapter 7 bankruptcy, your car lessor will likely ask the court to lift (end) the auto...

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You bought a car with a co signer can you file bankruptcy?

Sure. The co-signer will be responsible for the debt on the car.

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How can you lower your finance charge after a bankruptcy?

That is part of the problem of using the bankruptcy laws. Afterward, lenders consider you to be a high risk and as such charge you more for a loan.

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Can you get a repossessed car back by filing chapter 7 or 13 bankruptcy in Arizona?

This would be best answered by a good bankruptcy attorney who knows Arizona law.I believe no matter what you do bankruptcy or not, they will get the car, it does not wipe your credit clean.

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How do I rebuild my credit after bankruptcy?

Here are five ways to help build credit after bankruptcy. Check your credit reports regularly for errors.Consider a secured or retail credit card.Consider a credit-builder or secured loan.Ask for payments to be reported to the credit bureaus.Become an authorized user on an account.

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When we have two car loans can you keep your cars if I file chapter thirteen bankruptcy?

First you should answer some hard questions Is the car worth what you owe on it? Maybe just let it go and start over.....If you let the cars go can you deal with having only one car for a short time? Many dealers will finance bankruptcy customers and charge only higher interest rates.....Will ban...

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How long after you buy a car can you return it?

Dealer return policies If you buy a car from a dealer that explicitly allows returns, you'll typically be able to take the car back as long as you follow the terms of the policy.Policies may restrict this to a certain time period (seven days, for example) with certain mileage limits.

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How soon after chapter 7 can I buy a house?

In most cases, you'll need to wait two years from the date of your Chapter 7 bankruptcy discharge before you'll qualify for this loan.

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Can I change my mind after buying a car?

There is no cooling off period when you buy a used car from a dealer.This means you usually cannot change your mind after you buy a used car.If the dealer made false or misleading statements about the car, you can cancel the contract within one year of when you signed the contract.

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How long after buying a used car can you return it?

Dealer return policies If you buy a car from a dealer that explicitly allows returns, you'll typically be able to take the car back as long as you follow the terms of the policy.Policies may restrict this to a certain time period (seven days, for example) with certain mileage limits.

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How long after Chapter 7 can I get a job?

You can file Chapter 7, when your six month average goes below the county median income level.So, two months of zero is bringing your average down.You can go back to work, after you file, however, unless unforeseen high wage income, is actually foreseen (waiting in the wings).

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Can I change my mind after buying a used car?

There is no cooling off period when you buy a used car from a dealer.This means you usually cannot change your mind after you buy a used car.If the dealer made false or misleading statements about the car, you can cancel the contract within one year of when you signed the contract.

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How much does it cost to file bankruptcy?

For a Chapter 7 case, the fee is $335.For a Chapter 13 case, the fee is $310.The Bankruptcy Trustee may charge a fee of $15 to $20 when you file, as well.You may request to pay the filing fees in installments; most courts will allow it if you can show it would be a financial hardship to pay all a...

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How do you get a car loan after bankruptcy dismissal?

Build up your personal credit rating to an acceptable risk level. With a bankruptcy having loomed in the recent past, you could be at very high risk for any loan, auto or otherwise. Just because the bankruptcy was dismissed does not yet prove ones ability to pay their bills on time ... one has to...

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Can you purchase another car before you file bankruptcy on another car?

sure you can, but you will loose new car when u file bankruptcy anyway.also need more than just a car payment to file bankruptcy. laws have changed to prevent people filing bankrupcy just to dodge paying there bills

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How long after buying car do you have to return?

It is nothing more than a myth that you can return any vehicle after you buy it. You cannot return it at all. Once you buy a car you own it and you are stuck with it.

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How long after buy car do you have to register?

You don't have any set amount of time to register the car in. If it's garage-kept, and not on the streets, then you can never get a ticket for no plates.The only thing waiting to register does is accrue a fee from the DMV. There are no legal repercussions.

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What happens to your car loan when you file bankruptcy?

In general, when you stop paying your car loan, the lender will seize your car and sell it to pay off your loan.If the money from the sale is not enough to cover your remaining loan balance, the lender can sue you to collect the remaining amount (called the deficiency balance).

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What if you file bankruptcy and later receive a severance?

At time of bankruptcy everything has to be up front you owe money to how many vehicles do you own any land stock, every thing is brought out at this time. Once it is done your life go's on. you now get severance it's your.

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Can you file bankruptcy on a title loan when you don't owe money on it?

In the US, at least, you don't file bankruptcy against specific loans, you file bankruptcy in general. You do have to list all your assets and debts as a part of the filing.So, technically the answer is "no", but ignoring that for a moment, why on Earth would you want to do such a ridiculous thin...

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Can you keep your house after bankruptcy?

Many debtors have this common doubt can I keep my home after filing bankruptcy. The question for this answer is based on the factor determined by the current situation. There are two Chapters in bankruptcy legal process decides whether debtor can enjoy the full rights of having their private prop...

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Can I keep my car in bankruptcy?

The motor vehicle exemption helps you keep your car, truck, motorcycle, or van in Chapter 7 bankruptcy by protecting equity in a vehicle.If you're behind on your car loan, you can't keep your car unless you work out a plan to bring your payments current before you file for bankruptcy (more below).

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How long after clear coat can I drive?

Clear Coat Curing and Drying There are those who say that you need to wait up to 30 to 90 days before the clear coat fully dries up.

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How long after primer can I spray paint?

Once the primer dries, apply 1 coat of spray paint, and let it dry for 24 hours before applying a second coat.

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How long after Chapter 7 Can I get credit?

Since you'll need to wait for your credit reports to update, here's when to check: Chapter 7 bankruptcy: 90 days after your bankruptcy filing.Chapter 13 bankruptcy: 90 days after your bankruptcy discharge (which can take three to five years)

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How long do I have after buying a vehicle do i have to put it in my name?

As long as you have a bill of sale from the previous owner and a clean title (if required by your DMV) you have a lifetime to put it in your name.

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Can you give me the name of the form I need in order for me to be allowed to purchase a new car after I have filed for bankruptcy?

If you have filed bankruptcy, you are not going to be financing any new cars any time soon.

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Can you keep your paid off can worth 12000.00 and IRA when filing bankruptcy?

Not if its a chapter 7 BK; there is too much equity (value) in the car (since most vehicle exemptions are about $3,000 or lower. If filing chapter 13, it might be possible to keep the car. But if its a chapter 7, it is highly likely that the car would be seized and sold off by the BK trustee to p...

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How long does it take to get a v5 after buying a car?

DVLA aims to send out a new V5C to you within 2 to 4 weeks of getting the old V5C from the seller.If you do not get it within 4 weeks: complete form V62 - 'Application for a vehicle registration certificate'

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Can you file a police report days after an accident?

You have 10 days to report a car accident in Florida.In most cases, the drivers involved call police from the scene of the accident, and the responding officers file a report.Some very minor accidents do not require reporting, but most do.

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How long after painting a car can you buff it?

If you have recently applied clear coat to a paint job, it's time to buff it out to a high shine.Clear coat should be allowed to harden for at least 24 hours before attempting to use a buffer.In most cases, you will be trying to remove “orange peel” when buffing a new paint job.

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How long after painting a car can you drive it?

It is not recommended as it will expose your new paintwork to harsh conditions before it's fully cured.Instead, let your car be a garage queen for at least two months.Only drive it when absolutely necessary and when the weather is fair.

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How can I buy a car online?

Follow these seven steps to buy cars online Choose the right car. It's important to choose a type of car that will fit your needs best. Determine the price you want to pay. Get approved for financing online. Choose the right source. Get quotes. Time to negotiate. Making the final purcha...

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How long after buying a car do you have to regester it?

You can register it any time you want but some towns don't allow unregistered vehicles on your property unless they are out of sight or garaged.

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How long after buying a car do you need to register it?

Most states also have a deadline for when a car must be registered after it has been purchased.You should research and find out how much time your state allows.This can be as little as 10 or as many as 30 days after you buy your car, so make sure to check.

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How long after painting a car can you polish it?

Wo when you pick your car up from O'Rielly Collision centers, we highly recommend to our customers that they do not wax their new new paint for about 60 days to give the finish time to cure fully.Unlike the wash rule above, the don't wax rule is a hard rule for keeping your finish in new conditio...

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How long will bankruptcy affect me?

The Truth: While bankruptcy may help you erase or pay off past debts, those accounts will not disappear from your credit report.All bankruptcy-related accounts will remain on your credit report and affect your credit score for seven to ten years, although their impact will lessen over time.

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Can you get a reposession back after filing chapter 13?

No, once a vehicle is repossessed it is no longer your vehicle. The only way to get it back is to make some sort of arrangement with the financier for you to keep the vehicle. This is usually paying off the missed payments, or even paying off the full balance. What you have to do to get it back i...

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Can you file a police report after 24 hours?

Not filing a police report can damage your claim That's because some insurance policies specifically require that motorists file a police report within 24 hours of an accident.

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How long do you have to register a car after buying it?

The length of time before registering a car after purchase varies from state to state. However, the average time is about 30 days. It is best to register it as soon as possible.

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How long do you have to purchase tag after buying a car?

31 days from date of purchase.

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How long do you have to change your mind after buying a new car in texas?

You can't change your mind. You bought it and you own it. Besides it is no longer a new car, it is a used car worth far less then the moment you drove it off the lot. The Buyers Remorse law does not apply to the purchase of a vehicle. The only way you could is if the selling dealer was offering s...

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How long do you have to change your mind after buying a car?

If for whatever reason you decide the Hyundai model you bought from us isn't that perfect vehicle, we'll take it back within 3 days following the purchase for the full value you paid or allow you to exchange it for another one of our vehicles.

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How long after buying a car in California do you need insurance on it?

you have ten days from the original date of purchase to have insurance and have the car / vehicle registered in your name you have ten days from the original date of purchase to have insurance and have the car / vehicle registered in your name

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How long do I have to file a diminished value claim?

In most states, you will have at least 2 years from the date of your car accident to file a diminished value claim.Wait until your car has been repaired to your satisfaction.

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Is it possible to get financing to purchase a house and a car after filing Chapter 7 bankruptcy for the second time?

You need your Bankruptcy Chapter 7 to be discharged first before getting a loan to buy a house. Most lenders require two to four years of re-established credit before they will consider making you a loan. However, many lending sources are competing today to make loans to borrowers with less-than-...

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Can I keep my car if I file Chapter 13?

In Chapter 13 bankruptcy, you are allowed to keep all of your property including your nonexempt assets.The Chapter 13 trustee does not sell your property to pay your creditors.In return, you pay back a certain amount of your debts through a repayment plan.This means you can keep your car.

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How long should I wait to buy another car?

Ask a trusted mechanic.

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How long after change oil light comes on Can I drive the car?

On vehicles with an oil change light, an oil change is needed when the light remains on after startup.It's best to schedule the oil change within one to two weeks.If you primarily do highway driving, you have a little more breathing room than city driving.

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Can I file a stolen car report online?

Depending on where you live, you might be able to file a police report online.This includes reporting a stolen car.Many major cities across the United States and most states have police reports that you can file online.

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What do I do after buying a used car?

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Can a car be repossessed after been paid off under chapter 7 bankruptcy?

Yes, and no. It depends on if your creditors responded to the notification AND showed up in court for the bankruptcy hearing. IF they did file the correct paperwork, then YES the lending company can repossess the car. IF the lending company DID NOT file a letter of interest/intent AND you listed ...

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How long does a subcontractor have to file a lien?

In Pennsylvania, the deadline to file a mechanics lien for all claimants is 6 months after the completion of the claimant's work on the project.The lien must be filed with the prothonotary of the county in which the project is located.

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Can I buy a car warranty after the manufacturer's warranty has expired?

Yes you can, but the company that you buy the extended warranty from may be different from the company that you got your original warranty from. Therefore, it may have different policies, so read the fine print carefully.

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How do I file a contractor's lien?

Step 1: Do You Have the Right to File a Lien? The first step to filing a mechanics lien is to determine whether you have the right to file the lien. Step 2: Draft the Lien. Step 3: File your Lien with the Recorder's Office. Step 4: Notify Parties. Step 5: Enforce, Extend, or Release Your L...

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How do I file a lien?

Method 1 Filing a Mechanics Lien Exhaust all other options. Make sure you've given preliminary notice. Check your state's deadlines for filing a lien. Research the property. Draw up your lien. File your lien. Notify all necessary parties. Enforce your lien.

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How do I file a creditor claim?

Visit the probate court once you've located the correct one and bring proof of the debt with you.Ask the court clerk for the case number of the probate case and a creditor's claim form.You may also obtain a claim form from an online legal document service before you visit the court.

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How hard is it to get a car loan after bankruptcy?

Getting approved for a car loan after bankruptcy may seem impossible.And bankruptcy can show up on your credit reports anywhere from seven to 10 years after you file.But the good news is there are lenders willing to work with people with bankruptcy on their credit reports — though your interest r...

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Can you file a title 42 on a car you filed banruptcy on back in February how long do they have to pick it up?

Once the Bankruptcy is discharged and the assets have been sold, allowing that you still own the property the vehicle is sitting on and notify the owners that they need to collect the vehicle and that you are billing for storage.Then be able to prove that all this was done according to the rules ...

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Can you get your repossessed car back if you file Chapter 7 bankruptcy and start making payments?

You will have to ask your bank about that. They are in control now.

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How soon will my credit score improve after bankruptcy?

Under current regulations, a Chapter 13 bankruptcy will remain on your credit report for up to seven years after the date that you file for bankruptcy protection.

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Can you buy a car after a repo?

Buy a Car with a Repossession on Your Credit Report.A repossession does not mean you can't get a car loan for seven years.There are lenders who are willing to work with borrowers with bad credit, even those who have a repo.Instead, you will likely have to find a dealership with subprime lending c...

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How long does a prosecutor have to file charges?

The answer is, it depends.If its a felony charge, the state has 175 days to file charges (technically, they have 175 to file the official charging document known as an “Information”).If the charges are a misdemeanor, the state has 90 days to file.

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How long do you have to register your car after buying it?

New residents must obtain their driver license and vehicle registration within 30 days.See our New Resident Guide.In most vehicle sales, the deadline to register the vehicle is 30 days from the date of the sale.

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How long after a reposession can you reclaim a vehicle?

Up until the day they sell the car. As long as you pay the repossession fees and make up all back payments plus any administrative charges. That is if the lender agrees which they do not have to do. You broke the contract when you failed to make the payments on time so they can refuse the payment...

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How long after putting oil in car can you drive?

It should be outlined in the owner's manual or a little tag attached to the dipstick.To get the most accurate reading, you would want to drive and get the oil to temperature, then let it sit for 20-30 minutes such that it will all drain down.

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How can I get a car loan after repossession?

How to get a car loan after repossession in 6 steps Really know your credit situation. Try building credit before you apply. Apply with a co-borrower or cosigner. Get together a good down payment. Be realistic about what you can afford. Choose the right lender. Enjoy more control with a...

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Can you change your mind after buying a new car?

If you've changed your mind after agreeing to buy a car, you're often out of luck.A contact to purchase a vehicle is legally binding.Although you may have heard of a three-day "cooling-off" period that allows you time to change your mind after a purchase, it doesn't apply to cars in any state.

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