Something that people frequently wonder when considering the possibility of a bankruptcy filing is the extent to which bankruptcy will affect their ability to take out new loans post-filing. Among the various types of loans that are considered under such circumstances, perhaps the most common that people may typically ponder are car loans. In brief, the answer is that bankruptcy does not inherently limit your ability to take out a vehicle, as there is no provision of the bankruptcy code that prohibits you from incurring a new loan after filing. However, there are still several other things to consider in practical terms when analyzing this, including the chapter of bankruptcy filed.
