Even car buyers with tarnished credit histories are getting financing, in some cases without making a down payment. More than 859,000 new cars were sold to consumers with a so-called subprime credit rating in 2010, a nearly 60 percent increase from the year before, according to CNW Marketing Research.

In 2010, more than 1.5 million Americans filed bankruptcy

Post-bankruptcy debtors must realize that dealing with the credit card industry is much like a game of musical chairs. Just when you think you got it all covered, the music stops or suddenly changes.

Some are suggesting that debtors skip the expense of working with a bankruptcy attorney and do a DIY bankruptcy filing Pro Se.

Under most state laws a business is not allowed to assert an action or claim against someone in another state if it the action/claim arises for a transaction for which they are not properly registered with the state. This often arises in the case where lenders are not licensed to grant home equity loans in a certain state.

It’s tax time again and many debtors are wondering if they can keep their tax refund after they file bankruptcy. Well, let’s take a look at how tax refunds are handled in both Chapter 7 bankruptcy and Chapter 13 bankruptcy:

Debtors who have filed Chapter 13 bankruptcy and are later unable to complete their plan payments due to financial difficulties often consider converting their case to a Chapter 7 bankruptcy. Most times the conversion of a Chapter 13 bankruptcy to a Chapter 7 bankruptcy goes forward without a problem.

In a recent Chapter 7 bankruptcy case where a debtor was facing a challenge to his bankruptcy discharge, the bankruptcy court ruled that the debt was dischargeable. Below are the details of the case:

One of the great myths surrounding bankruptcy is that debtors who file Chapter 7 bankruptcy or Chapter 13 bankruptcy will find it difficult to find employment. That simply is not true. While there are some employers who may be concerned about a bankruptcy filing if the debtor is applying for a job handling cash or sensitive financial information, those same employers are concerned about debtors who haven’t filed bankruptcy but have lots of debt. If you’re a debtor who is considering bankruptcy and have concerns about how it will impact your employment prospects, here’s what you need to know:

Having a vehicle to get to and from work is an important part of recovering financially after Chapter 7 bankruptcy. That’s why bankruptcy offers many options for handling car loans. Let’s take a look at four options for handling your car loan in Chapter 7 bankruptcy: