Will the bankruptcy filing be canceled because of it?
I have a car worth $17k and the loan is near about $10k. Presently, I need cash very urgently, so I plan to get a second title loan as I have $4k equity in my car. I’ve to use the fund for necessary living expenses food, utility, water and so on when I file for bankruptcy. Well, I’m aware that I can’t take out loans that I’ll not be able to pay back before bankruptcy as it’s considered to be fraud. But title loan is secured with collateral, so its not a credit card debt. Will the bankruptcy filing be canceled because of it? Is it legal to get a title loan if I plan to file chapter 7 bankruptcy in about 2 weeks?