Because of misconceptions about bankruptcy, some people sell their vehicle before or during bankruptcy. Many people think that they will lose their car no matter what when they file bankruptcy. The truth is that you can often keep your car in chapter 7 or chapter 13 bankruptcy, depending on how much equity you have in the car.

Believe it or not, you aren't stuck with your first post-bankruptcy car until it's paid off. It is possible to trade it in to get a better interest rate. This will allow you to upgrade to a better car at a lower interest rate. Here are some tips on getting the best auto loans after bankruptcy using this method.

Even though the economy is starting to turn around after the recession some Minnesota lenders are still being pretty lenient on their auto loan requirements.

Buying a used car in open bankruptcy can often be more of a chore than a pleasurable experience, but there are ways to make it easier. You can finance a car in open bankruptcy, if you are willing to look beyond traditional lenders. Here at BankruptcyAutoFinancing.com, we help you get a used car loan quickly and easily.

Labor Day marks the unofficial last day of summer, and if you need a better vehicle to take your kids to school, run errands or drive to work, you should rebuild your credit with a bankruptcy auto loan. Even if you’ve been turned down by a bank, there are companies such as BankruptcyAutoFinancing.com that will work with you, despite your bankruptcy. We make it quicker and easier than ever to get a vehicle, and rebuild your credit.

Due to some changes that took place this year, some people who didn't previously qualify for chapter 7 bankruptcy in Michigan may now be eligible. The median income went up in Michigan on April 1, 2013. Then on May 1, 2013 the National Standards for living expenses also changed.

Filing bankruptcy is complicated and can result in mistakes if you aren’t careful. Failure to avoid common mistakes could result in your bankruptcy being dismissed. Knowing what to avoid can mean the difference between struggling financially, and getting back on the road to rebuilding your credit after bankruptcy.

In an age of high unemployment rates, serious credit card debt, and huge medical bills, it’s easy to see how bankruptcy is happening to good people. Many people file bankruptcy because they don’t see any way to get out of the financial black holes that they’ve found themselves in. If you are one of these people, it is possible to rebuild your credit after bankruptcy, and get back on your feet.

A common misconception we often hear is that getting a new line of credit after a bankruptcy is impossible, so bankrupt individuals tend to shy away from trying.

If you are recently out of a Miami bankruptcy and looking to get into a new car you might be asking, “Should I buy or lease?”