If I file a Chapter 13 bankruptcy case, can I incur debt while I am in the bankruptcy case?

It is not unusual for a client in a bankruptcy case to need to buy a vehicle, home or even incur a debt for student loans.  While in your bankruptcy case, you will need to work with your Augusta Georgia bankruptcy attorney in order to be approved for taking out a loan of any kind. However, the process is relatively easy.

The bankruptcy trustee will want you to explain (through your bankruptcy attorney) the amount you need to borrow, the monthly payment, the interest rate on your proposed loan and the purpose of the loan.  The bankruptcy trustee will want to make sure that the new debt that you are asking to incur will not prevent you from making your regular scheduled bankruptcy payment. By choosing an experienced Augusta bankruptcy attorney or law firm to handle your case, the approval for your loan request will come more quickly from the bankruptcy trustee since the paperwork will be filed correctly and in a timely manner.


This answer does not create an attorney/client relationship and is for informational purposes only.  We are a law firm licensed in Georgia.   A consultation with a qualified attorney in your area is required to determine specific legal advice as to your situation and applicable law. We are a law firm designated by Congress as a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.

Angie Seymour
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Bankruptcy Attorney Serving Augusta, GA