Legally, yes--you can take out or enter into a loan while in bankruptcy: the bankruptcy applies to debts, obligations, etc. taken out pre-bankruptcy filing, but you may legally enter into new ones after filing. You can also legally create/register an LLC.Whether a lender will lend to you if you are in bankruptcy and so have shown you are not a good credit risk is a different story--lenders are not obligated to lend to you, so you may have difficulty getting a loan.