Can we enter into a rent-to-own agreement after filing for bankruptcy? 6 Answers as of July 13, 2017

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Stephens Gourley & Bywater | David A. Stephens
Yes, if the other party agrees.
Answer Applies to: Nevada
Replied: 7/13/2017
Ronald K. Nims LLC | Ronald K. Nims
If you're in a Chapter 7, you can enter into any type of contract as long as it doesn't affect the assets you had on the date you filed. In Chapter 13, you need court approval to incur debt, since a rent to own contract is debt, it needs approval.
Answer Applies to: Ohio
Replied: 7/11/2017
GARCIA & GONZALES, P.C.
GARCIA & GONZALES, P.C. | Richard N. Gonzales
Typically, yes (hard to answer the question without knowing any particulars).
Answer Applies to: Colorado
Replied: 7/11/2017
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Chapter 7, yes. Chapter 13 you need court approval.
Answer Applies to: California
Replied: 7/11/2017
A Fresh Start
A Fresh Start | Dorothy G Bunce
It will be a decision the party that finances these agreements will have to make. Not an issue if you filed Chapter 7. However, you might need court permission to enter into this agreement if you are in Chapter 13.
Answer Applies to: Nevada
Replied: 7/10/2017
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