Purchasing a Vehicle While You’re in Chapter 13

If you are considering purchasing or leasing a new vehicle while in bankruptcy, the vehicle financing company will require authorization from the Trustee. After you have decided on a vehicle, you must do the following:

  1. Complete the Application for Vehicle Financing
  2. Print and sign the application
    **NOTE: BOTH DEBTORS in a joint case must sign the application even if only one is financing the vehicle
  3. Obtain a copy of the finance agreement
  4. Fax the completed, signed form and the finance agreement to 609-587-9676

The application will be reviewed and a letter approving or denying the application will be MAILED TO THE DEBTOR WITH A COPY TO THE ATTORNEY within approximately five (5) business days.

Please note that your plan payments must be current in order for us to consider approving the application.

As always, you should consult with your bankruptcy counsel to determine how this would affect your case and what needs to be done if you are surrendering an existing vehicle.

Please direct inquiries regarding applications for vehicle financing to Ms. Costanzo via email at dcostanzo@russotrustee.com.

Click here to access the Application for Vehicle Financing.