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Chapter 7 bankruptcy. Leslie Tayne, attorney and founder of Tayne Law Group in Melville, New York, says you’re eligible for a mortgage a few years after a Chapter 7 discharge of debt.
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 ...
Bankruptcy waiting period. Foreclosure waiting period. Conventional loan. 4 years for Chapter 7 or Chapter 11 (2 years with exceptions); 2 years from discharge or 4 years from dismissal of Chapter 13
Unlike bankruptcy, an IVA does not statutorily restrict a debtor from obtaining credit, although the proposal may do so. In bankruptcy however one legally can obtain credit of up to £500 without disclosing one's status as a bankrupt. [2] After a bankrupt is discharged there is nothing in law to stop the discharged bankrupt gaining credit.
The idea of looking at your credit report after filing bankruptcy can be intimidating or anxiety-inducing. Still, you will want to make a regular habit of doing so for a variety of reasons.
When you're going through bankruptcy, applying for a loan might be the furthest thing from your mind. "People can absolutely recover from bankruptcy," says Jordan van Rijn, senior economist at the ...
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Also, legally speaking, once debt is discharged or a financial repayment plan is approved by a judge, it will be another 5 to 8 years before one can file again. Chapter 7 versus Chapter 13
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