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Type of bankruptcy. What it means for you. Chapter 7. Often referred to as liquidation, this type of bankruptcy means selling off your non-exempt assets to repay your debt.
Here’s an overview of how long after bankruptcy you can get a mortgage, depending on the kind of loan and the chapter you file: Chapter 7. Chapter 13. Conventional. 4 years.
See: 4 Debts That Are Not Discharged in Bankruptcy Also: 3 Debts You Can Get Canceled Forever. Bankruptcy makes it harder to do things like qualify for a mortgage. But that doesn’t mean it’s ...
It’s possible to get a conventional mortgage as soon as four years after filing for Chapter 7 bankruptcy. If you filed for Chapter 13 bankruptcy, you could be eligible just two years after ...
If you're considering loans after bankruptcy, expect to wait at least a year or two before qualifying for traditional loans. When you're going through bankruptcy, applying for a loan might be the ...
When I first started working with Charlie (not his real name) in 2005, his bankruptcy had just been discharged, meaning his remaining debt was cleared. His credit score was 526, and he didn't ...
Learn More: 20 Best Cities Where You Can Buy a House for Under $100K. Update Your Budget To Reflect New Expenses. Homeownership brings a host of new costs, including property taxes, homeowners ...
After bankruptcy, it will probably be harder to access your home equity through loans or refinancing — due to the filing’s appearance on your credit and financial history, and its negative ...