Often when you file for Chapter 7 bankruptcy, you still owe money on a car, and want to keep it as means of transportation for you and your family. There are two options in this case, loan reaffirmation or loan redemption. Today we will focus on what auto redemption in bankruptcy is, and if it’s the right choice for you.

While the economy is on a steady incline back to a good financial standing there are still many states that are left with a high unemployment rate, and a low median income.

Although the great state of Alaska hasn’t seen as many bankruptcies as other states, probably because the unemployment rate is lower than other states, there are still people who need to get back on their feet. If you’re one of those people, you may be wondering how to get your finances back in order. Today we’ll show you one way you can rebuild your credit if you’ve filed bankruptcy.

For Baby Boomers and chronically ill residents of West Virginia, filing bankruptcy is becoming much more common. Overwhelming medical bills are quickly becoming the number one factor for filing bankruptcy. Rising credit card debt among Baby Boomers is also a contributing factor.

Many people wonder what happens to their student loans when they file bankruptcy. Are these loans discharged like unsecured credit? Or do you have to repay them like taxes and child support?

Many people falsely assume that their car will automatically be taken away when they file bankruptcy, and that they won't be able to get an auto loan after bankruptcy for 7-10 years. Because of this, some people think that transferring the car out of their name before filing bankruptcy will save it from being liquidated. The truth is, not only does this not help you keep the car, but it can also be considered bankruptcy fraud.

If all you want for Christmas is a car, but you have filed bankruptcy, you may think that getting an auto loan is impossible. The good news is that it doesn't have to be! You can get the gift of an auto loan with bankruptcy on your credit this holiday season, to purchase the automobile that you're dreaming of.

If the majority of your debt comes from student loans, you may wonder if it's possible to get a student loan hardship discharge. In most cases, this isn't possible, so you will need to look into alternatives. However, for some people, a hardship loan may be possible.

When your debt seems out of control, you're probably willing to do anything to save some money. This may include trying to file bankruptcy without a lawyer. Because bankruptcy laws are so complicated, knowing when to hire a lawyer is important.

Are you tempted to stop when see signs at car dealerships that say "We Finance Everyone"? Do you think these Buy Here Pay Here car lots are a good choice for purchasing a car after bankruptcy? If so, you should be aware of the pros and cons so that you don't waste your money.