If you enter a Chapter 13 bankruptcy with negative equity in a car that you've financed, you may qualify for a loan cramdown if you meet certain requirements.

When is the right time to apply for a car loan after bankruptcy? Learn when you should begin the process by reading what our experts have to say.

If you file for a Chapter 7 bankruptcy, what will happen to your vehicle? Most Chapter 7 filers have to decide whether they want to keep their car or surrender it to the lender.

Are you concerned about buying a car after Chapter 13 bankruptcy? Learn what you can do to improved your chances of being approved for an auto loan.

Chapter 13 is one of the two types of bankruptcy normally filed by consumers in the U.S. In a Chapter 13 bankruptcy, filers are usually able to keep their property. However, there are rules about vehicles and car payments.

You've completed the process of filing for a Chapter 13 repayment plan, and you are ready to start fresh for the New Year. You made the resolution to reorganize your debt and be more responsible with your finances from here on out. But what can you do when the time comes for a purchase of another vehicle?

When you are discharged from a Chapter 7 bankruptcy, you are essentially starting with a clean slate, aside from the fact that you will have a black mark on your credit report from the filing for up to 10 years, potentially making it hard to find a lender who will approve you. However, if you did have previous auto loans that were in good standing or have paid off a vehicle since you filed your Chapter 7, you will have better chances getting approved by a lender. You just need to make sure you are working with a car dealership that has a financing team that knows how to work with unique financial situations.

Currently in a chapter 13 bankruptcy and wondering if you can obtain a new loan?

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.

Going through a bankruptcy can leave you feeling like you will be cursed with high interest rates for life, due to the damage that has been done to your credit score. This simply isn't true because time really does heal all wounds, even financial ones. And under the right circumstances, you may start to qualify for better loan terms sooner than you think.