Bankruptcy is not the ideal situations for anyone, but if you are living in Indiana and you're feeling embarrassed or ashamed, there is no need to. There are hundreds of other IN residents that are in the same boat. Here at BankruptcyAutoFinancing.com we have a network of lenders that specialize in Indiana post-bankruptcy car loans that are competing for your business.

Indiana, along with the rest of the United States, had a decrease in the number of bankruptcy filings in 2011, but unfortunately, the numbers are still up from 2005 when the BAPCPA was instated. This is why our Indiana lenders have different bankruptcy programs for auto loans.

Can I Get an Auto Loan with Open Bk in Indiana?

If you are trying to finance a car while in chapter 7 you will have some difficulty. This is because the chapter 7 process is only two to three months long, and most IN lenders will require you to be discharged. It seems like a pain, but it will help you in the long run because you will have a lower interest rate once discharged.

Applying for an auto loan in Indiana while in an open chapter 13 has a higher chance of being approved, but there are some hoops to jump through. The first hoop being your trustee. Whether you got rid of your upside-down auto loan in your bankruptcy, or you need second vehicle for the family, you must prove to your trustee that it is feasible for you to obtain another form of debt. They must then obtain an "Authorization to Incur Additional Debt" from the judge before any Indiana lender will consider you.

Vehicle Financing after Bankruptcy in IN

Since all of our lenders have different bankruptcy programs, whether your bankruptcy is open or discharged we can help you get the vehicle financing after bankruptcy in Indiana that you need. Start today by filling out our online application to see if you are pre-approved.

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.