In Michigan, where bankruptcy filings fell by over 10,000 cases in 2011, there are still plenty of people who need Michigan auto loans after bankruptcy. However, this downturn is still good news for people who need auto loans following bankruptcy as lenders being to slightly relax.

Michigan's Economy is Improving

Although there are still many Michiganders out of a job, according to the U.S. Bureau of Labor Statistics the unemployment rate is down from a high of 14.2% in August 2009 to just 9.4% in August 2012. Michigan's big three automotive companies, GM, Ford, and Chrysler, are a large part of the unemployment drop. Now that they are back on their feet they have brought thousands of jobs back to MI.

With so many people back to work bank repossessions are down nearly 40% from the same time last year. This is a sign that the MI economy is back on its way to the top. Experts are saying they expect 2012 bankruptcy filings in Michigan to be even lower than 2011.

Finance a Car After Bankruptcy

If you have found yourself filing for bankruptcy and upside-down on a car loan, and now are in need of a vehicle; there is help. There are special finance companies, like the ones we work with, that work specifically with bad credit to get you into a new or used vehicle. Getting approved for an auto loan in Michigan will help rebuild your credit after the bankruptcy.

Here at Bankruptcy Auto Financing we can help you with financing a car after bankruptcy. Our Michigan special finance lenders will compete for your business and get you approved for that new or used car loan. 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. This article is only our experiences over the years and may vary with each customer.