Hi - my name is XXXXX XXXXX X'm a Bankruptcy litigation attorney. Thanks for your question.
Yes, it is possible to purchase a home or car while in bankruptcy . If you will have to borrow money, you will have to obtain the bankruptcy court's permission before taking on new debts, including new car or home purchases. Your attorney will file with the court a Motion to Incur Debt, or in some jurisdictions, a Motion for Authority to Incur Debt.
The motion will assert that the terms of additional debt are reasonable, necessary and will not interfere with the confirmed Chapter 13 plan. The motion will be sent to all creditors and parties in the case and will also be set for a court hearing. As long as you can show that you will be able to make your monthly bills and new car payment, as well as, most important, the trustee's payment, the motion will in most cases be granted.
The most difficult thing will likely be finding someone who is willing to lend you money while in bankruptcy.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).