How long before bankruptcy can we trade in our car? 5 Answers as of October 01, 2010I want to trade in an old car for a newer one before we go through bankruptcy. My question is, how long before filing for bankruptcy can we trade in for a new car? I need something reliable that I can use even if we go through the bankruptcy.
The Law Office of Mark J. Markus | Mark Markus
There is no required time frame to do this in. As long as your new payment amounts are reasonable and you can establish the need for the new vehicle (reliability is certainly one), there should not be any issues with the bankruptcy. That having been said, this can depend in part on how courts in your jurisdiction handle things, so you should consult with an attorney in your area.
Answer Applies to: California