Legal Question in Bankruptcy in Massachusetts
Bankruptcy Law
If you file for bankruptcy and are giving up your house and turning in your vehicles to the creditors, can you purchase other vehicles if they are under a certain dollar amount after you have filed and before the 6 month finalization?
Asked on 10/05/07, 9:20 am
1 Answer from Attorneys
Michael Eramo
Law Offices Of Michael T. Eramo
Re: Bankruptcy Law
Depends on several factors. Did you file a chapter 7 or chapter 13? Are you still "in" bankruptcy? If so, you would need Courts approval to assume debt. If not, the prospective lender can lend you money if you meet their requirements.
I hope this helps.
Answered on 10/05/07, 10:56 am
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