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Key takeaways. You can get a mortgage after declaring bankruptcy, but how soon depends on the type of mortgage and the type of bankruptcy you filed. Depending on whether you filed Chapter 7 or ...
There’s typically a waiting period after bankruptcy before applying for a new loan, including a mortgage. The length of the waiting period depends on what type of bankruptcy you filed for.
To get student loans discharged, you'll need to prove that they cause you "undue hardship." Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must file a separate ...
The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have: been taken over or merged with another financial institution, been declared insolvent or liquidated, or; filed for bankruptcy. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [1]
Yes, keeping your HELOC after bankruptcy is possible. You have to set up a repayment plan with a Chapter 13 bankruptcy. That will allow you to maintain the line of credit. However, be prepared for ...
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
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