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Category Archives: Bankruptcy

Information about Bankruptcy Auto Financing

Should I File for Chapter 7 or Chapter 13 Bankruptcy?

Nobody wants to file for bankruptcy, but sometimes it is inevitable. And anyone who reaches the point where bankruptcy seems like the only viable solution to their financial problems must choose which type of bankruptcy fits their needs best: Chapter 7 or Chapter 13? The differences between the two will make the choice clear for most people. Continue reading

Posted in Bankruptcy |

What do I Need to Get Approved for an Auto Loan During a Chapter 13 Bankruptcy?

When you are involved in a Chapter 13 repayment plan, you have agreed to pay a certain amount of your debt back to your creditors over a three or five year period. And when you need to purchase a vehicle during that time, or incur any additional debt, you need trustee approval in order to finish the process. Continue reading

Posted in Bankruptcy |

Jim’s Story: A Tale of Refinance after Bankruptcy

A year ago, Jim made the decision to file a Chapter 7 Bankruptcy. During the process, he chose to reaffirm his auto loan. His original loan was taken out a year prior to the Bankruptcy proceedings, when his credit wasn’t great. While he was relieved that he was able to keep his car, he knew that he wanted to do something about that high interest rate on the loan after he got the discharge from the court. Continue reading

Posted in Bankruptcy |

What Leads to Bankruptcy?

There are a several things that can result in one having to file for bankruptcy. Here are a few. Continue reading

Posted in Bankruptcy |

Why Bankruptcy Isn’t the End of the World

When things get out of hand and you are left with no other option than to file for Bankruptcy, it’s easy to feel defeated and like everything is hopeless. But it doesn’t have to be. Continue reading

Posted in Bankruptcy |

Why Can’t I Buy a Car During a Ch.7?

Until your bankruptcy is discharged, auto dealers and lenders feel they run the risk of losing their money if they approve you before then. Continue reading

Posted in Bankruptcy |

Easier to Get a Car Loan with Ch.7 or Ch. 13 Bankruptcy?

Although these two common types of bankruptcies have different processes, they ultimately share the same benefits — including the ability to get a car loan. Continue reading

Posted in Bankruptcy |

How to Get an Auto Loan with a Open Chapter 13

Anyone that experienced a Ch. 13 bankruptcy knows they can be difficult because they last a long time. What happens when you need a car in that time? Continue reading

Posted in Bankruptcy |

Dealing With Bankruptcy When You Need a Loan

Applying for a loan when you’re not financially fit can be stressful enough. However, when you add bankruptcy to the mix it can be more then some people can handle. Continue reading

Posted in Bankruptcy |

How Soon Should I Buy a Car After Bankruptcy?

Some who file for a chapter 7 or chapter 13 Bankruptcy find that they may lose their vehicles. If you can find alternative modes of transportation, you should wait until your credit begins to improve again. For others that need a car now, there are some options. Continue reading

Posted in Auto Loans, Bankruptcy |
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