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 who still have debts to pay after their discharge need to ask themselves a consider a few things so that they can both prepare for retirement

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.

In the recent Chapter 7 bankruptcy case of a relatively affluent couple, one of which is an attorney, the bankruptcy judge denied the discharge of the couple’s debts. What did the couple do to deserve a bankruptcy discharge denial?

The CARD Act was suppose to put a lid on the virulent marketing of credit cards to young people but according to some experts, the situation has not improved much. Young people are still in debt with credit cards and credit card companies are coming up with creative ways to bilk the youth of their last penny.

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.