Jun 28, · If you need a car loan, it's much better to wait until your Chapter 7 bankruptcy has been discharged before you apply. A Ch. 7 is a liquidation proceeding where most personal property of value is forfeited. Approximately 30 days after filing, a meeting with your creditors takes place, formally known as the meeting. Then, according to Nolo. Bankruptcy can present problems if you need to acquire new credit, particularly for an automobile purchase. Thankfully, buying a car before your bankruptcy is discharged can be a simple process that just requires a little bit of legwork. Generally - Chapter 7 allows you to purchase a car or get a loan for a car after DISCHARGE (about 6 months after you goto court - you'll get a letter) Chapter 13 allows you to purchase a car at.