Filing for bankruptcy protection in some cases can help a person’s financial situation tremendously by offering a clean slate to the debtor, but in some cases it may hurt you. For instance, declaring bankruptcy can affect your insurance premium in a negative way.

A lot of people thinking about filing for bankruptcy wonder if they should transfer their car out of their name before filing. This is because of all the misconceptions associated with bankruptcy that have people fearing the worst.

Do you have a history of bankruptcy on your credit report and are afraid you will not be able to get auto financing? There are auto loans after bankruptcy available to those with a bk history but it depends on whether you have been discharged or dismissed from your bankruptcy if you will be approved.

Here at BankruptcyAutoFinancing.com we often are asked if bankruptcy can help you get your already repossessed car back. The answer, if you live in Texas, is yes if you file a chapter 13 bankruptcy.

Too often we hear of Indiana residents keeping their vehicle during bankruptcy or buying from a pay as you go finance company because they don’t believe there is anyway to obtain auto financing after an Indiana bankruptcy.

If you are one of the many people who have gotten behind on your auto loan and you’re left declaring bk you’re not alone. We often hear of people who have fallen so far behind on their payments that they are not able to catch back up on their own, and need the help of bankruptcy.

Anyone that has ever filed for a personal bankruptcy has most likely has their mailbox filled with junk mail from local car dealerships. These fliers typically state that regardless of good credit, bad credit, no credit or bankruptcies you can be approved for a car lease or auto financing with no money down and no co-signer.

As the economy is in the midst of its turnaround many Metro Detroit residents are finding employment opportunities. Unfortunately, these same residents are still being consumed by the debt they incurred while unemployed and have had to file for bankruptcy protection.

If you are one of the many bankruptcy filers that have been turned down by dealership after dealership when applying for an auto loan, you’re not alone. Many dealerships turn these bankrupt consumers away not because it’s impossible to finance someone with a past bk, but because they simply don’t know how.

When you’re coming out of bankruptcy one of the first things you should do is pull your credit report to check for any errors. Once you have all discrepancies taken care of you should start to rebuild your credit profile.