by 
NikkiNik
ANSWERS: 7
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Filing or having the bankruptcy be accepted by the court? All lenders have different credit policies. The bankruptcy will get off your credit report in 7 years. Some lenders will ignore it after 5, other will reject you on face with a bankruptcy flag. There are sub-prime lenders that will lend you money. You're going to pay huge amounts of interest, though.
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Something like seven years in Canada only once you have been absolutely discharged.
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I've known people who have filed bankruptcy two and three times and still get credit.
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You can file for bankruptcy and get a car loan the day after it goes through if you have enough money to put down for a down payment. Money up front will make financial people like you.
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I recently filed bankruptcy in June- and two days after filing I received my first auto loan offer. I had my 341 meeting just a couple of weeks ago and am taking one of the more reputable dealerships up on their offer shortly. With nothing down!!! The interest rate is a little bit higher- but that is bound to always be the case for me anywhere I go having filed bankruptcy. I received offers where some wanted a down payment but this one requires nothing down. My attorney forewarned me prior to filing that I would be receiving auto loan offers like crazy starting the day after. It may vary from state to state however, I'm not sure. I live in Utah.
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Bankruptcy doesn't really affect your ability to qualify for a car loan. Bankruptcy DOES affect your ability to qualify for a GOOD car loan. My in-laws filed bankruptcy and promptly got an '03 Malibu. A few months later, it got repossessed. They then managed to get a loan for another car.... at about 22% interest.
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immediately
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