In early 2012 there were a lot of people searching for auto loans for bankruptcy people, but that number has steadily decreased as 2012 brought a large decrease in bankruptcy filings from 2011. Unfortunately, that good news is not comfort for everyone as there were still many Americans feeling the effects of the economic state, and were faced with the reality of bankruptcy.

There is good news however. Here at BankruptcyAutoFinancing.com we specialize in helping those individuals suffering from bankruptcy get matched up with car dealers that are willing to work bankruptcy, including open bankruptcy.

Bankruptcies Fall 13.4% in 2012

According to the U.S. Bankruptcy Courts the bankruptcy filings have fallen 13.4% from 2011 to 2012 with 1,410,653 total filings which is a low since 2008 when they were just over 1 million. There is no clear indication as to why the numbers have fallen, but experts believe a large part is due to the slight turnaround the economy has taken since the 2009 recession.

Bk Car Loans with Subprime Lenders

When people think about financing a car they generally think of banks and credit unions, but if you have a recent bankruptcy on your credit you may be better off using a subprime lender. These are lenders that have the qualifications to deal with any credit situation, and have years of experience doing so. By filling out our online application you are allowing us to send your information to the local dealerships in your area accepting bankruptcy clients, and giving yourself a greater chance at being approved.

If you were one of the many Americans faced with bankruptcy before or during 2012, and you are now looking to get into a new or used car while rebuilding your credit at the same time, apply online today. You could be driving off in your new car in just a few short days!

Remember we are not lawyers and cannot give legal advice. The situations discussed are only our experiences over the years and may vary with each customer.