PDA

View Full Version : Ford Credit/Leasing/Bankruptcy


K1969
Aug 9, 2008, 01:55 PM
Does anyone have any experience with Ford Motor Credit? We are in an open Ch. 13 Bankruptcy. We have permission from the trustee to look for a car. We have the opportunity to take over the lease on a friend's car. The lease would be with Ford Motor Credit. Will they consider us with an open Ch. 13?

progunr
Aug 9, 2008, 02:07 PM
Probably not.

Most major lenders will not enter into a loan while you are in chapter 13.

There are exceptions, and permission from the trustee is a good place to start.

Give it a try, you might get lucky.

Fr_Chuck
Aug 9, 2008, 02:34 PM
Yes, most likely you are going to end up with a high risk lender.