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The short answer is yes.

Of course, BK or not, to sell a car that has a loan means you must pay off the loan. And, it is unlikely anyone will give you another now. That actually may be fine, and exactly the type of compromise your situation calls for now...at least for a while.

You absolutely need to co-ordinate any financial changes like this with your trustee.

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16y ago
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14y ago

If by "you" you mean the debtor who is in a Chapter 13, yes. If the car is subject to a purchase-money loan, it can get complicated, so you should talk to your bankruptcy lawyer.

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Q: Can a person in chapter 13 bankruptcy sell a car that has a loan while still in bankruptcy?
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Yes, a person can start a business or corporation while in the midst of a Chapter 13 bankruptcy case. If you are looking for start-up funding, you will have to ask the bankruptcy court for permission.


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