How come people who have filed bankrupcy can get credit cards or a new car loan?
My name is alan and i am married with 2 plus kids. i financed a used car through americredit and i have a another loan through triad financial. at the time of purchase my wife was working. together our income has been 60,000 plus per year. i recieved the news that my wife may loose her job at the end of june. through a course of events the car that i got from max madsen has fallen apart. i owe $14,750 on the car and the car has been appraised for 2500 from car max. the car is 2 x 60 and 1 x 90 -- i have a van through triad which is 1 payment behind. with all total debt i would say that i am in total debt of 30,000-40,000. i was recently in a carmax and they told me not to get another vehicle but to get rid of this car. i have been trying to find a car with rebates so i can apply the negative equity to the car. a salesman told me that he had a man that brought a capital one check for a car for 25,000 who filed chapter. is this a good idea. i am walking in circles
