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    K1969's Avatar
    K1969 Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 9, 2008, 01:55 PM
    Ford Credit/Leasing/Bankruptcy
    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's Avatar
    progunr Posts: 1,971, Reputation: 288
    Ultra Member
     
    #2

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

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

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