We hear people all the time say, "I've declared bankruptcy, so I can't get an auto loan." Well here at 2nd Chance Colorado, we specialize in getting people who have declared bankruptcy an auto loan! It's just what we do day in and day out, and we serve the entire Denver metro area including Aurora! Fill out our bankruptcy finance application here. 

There are no laws preventing you from getting a car loan in Denver while your bankruptcy is still open. The hurdle is finding a financing company that will offer you up a loan before your bankruptcy case has been settled.  

There aren't a ton of lenders in Denver or Aurora that will offer these kinds of loans. However, we know the ones who will! And that is good news for you! We specialize in getting you a fair loan regardless of your bankruptcy situation. Whether you have a chapter seven bankruptcy or a chapter 13 bankruptcy we are here to help you!

Let's break down the two types of bankruptcy now:

Chapter 13 bankruptcy is a debt-repayment plan that usually has a 3 to 5-year period for the person to repay their debt. Of the two type of bankruptcy we deal with, this one is actually pretty straight forward and easy to get an auto loan from. 

The biggest issue with getting an auto loan with Chapter 13 in Denver or Aurora is the fact that the Bankruptcy Court monitors these transactions. This requires a special knowledge and thorough understanding of all the laws and rules surrounding getting an auto loan while under bankruptcy. There is also a special process that needs to be followed when securing these loans. 

 Chapter 7 bankruptcy is when you include any debts you may have in your possession and file them. Once they are discharged you are no longer responsible to pay off those debts. 

There is a common misconception that your bankruptcy must be discharged before you can get an auto loan in Aurora but, this is false. You can actually arrange your auto financing before the discharging takes place. 

A lot of people will tell you the opposite, however. This is just because they are unaware of special programs that we have here at 2nd Chance Colorado! 

We have built several strong relationships with lenders in Denver in order to help you get the auto loan that you need! We have helped thousands of people get a bankruptcy car loan in Aurora over the past few years and we can do the same for you!