Car Dealers Who Deal With Dismissed Bankruptcies. We connect car buyers with local dealerships that have options for people dealing with bad credit, no credit, no down payment, bankruptcy, and more. In fact, many people believe that it is impossible to purchase a vehicle before a bankruptcy is discharged.
Bad credit applicants must have $1500/month income. It will remain that way until you receive your discharge papers from the judge. The reason for this is that instead of having a reliable income and debt payments, you will be subject to a slew of collection activities and possibly lawsuits to collect on the debts that were being paid in bankruptcy.
Buying a car after bankruptcy is one area in which it's often better to seek financing through the dealership, assuming that the dealership is a reputable one.
Remember that both the dealer and the buyer have the same goal in mind: The reason for this is that instead of having a reliable income and debt payments, you will be subject to a slew of collection activities and possibly lawsuits to collect on the debts that were being paid in bankruptcy. Bad credit applicants must have $1500/month income. A chapter 7 bankruptcy is open for approximately three to four months making the process a little faster.