A surprisingly common concern from potential clients is the perceived inability to rent a car after bankruptcy. Most car rental companies require a credit card and now run “credit worthiness” reports for people trying to rent a car with a bank debit card. The concern is that the person won’t be able to have a credit card for sometime after bankruptcy, and therefore can’t rent a car.

First, let’s deal with the false assumption about credit availability after bankruptcy. Banks WANT to lend to you after bankruptcy. From the banks perspective, a bankrupt debtor is a prime lending candidate: (more…)