How long after you file Bankruptcy can you apply for a home loan?
443411
One day.  If you kept some payments on time throughout the Bankrupcy and have a decent credit score you can qualify for up to 100% financing.  Contact your local mortgage broker.  There are only a few banks that will do that so your rate won't be great.  I'm working on one of these loans right now.  They discharged in January and I'm getting them 100% financing.  After one year it gets much easier and your rates get better.  After two years you can get a mortgage just as easy as if you never went bankrupt in the first place.
881806
I filed for bankruptcy 4 years ago. I made payments to my lawyer. I couldn't really afford one payment. Some of them will offer a payment plan.check into it
689498
Any account included in a bankruptcy remains on your personal credit report for a maximum of 7 years from the date the bankruptcy was filed. The bankruptcy itself, listed in the public record information section of a credit report, remains for either 7 years from the filing date if it was a Chapter 13, or 10 years from the filing date if it was a Chapter 7, 11 or 12.
678165
Need more information in order to give you an accurate answer.  It will depend on numerous factors:\n- Chapter 7 or 13?\n- 6 months since filing or since discharge?\n- Your credit score (even though it will be low bc of the BK you still have to have a credit score high enough to qualify for a loan)\n- The amount of down payment you are putting down?
15483
There are different types of bankruptcy, and the rules have just been tightened up by the Republican Congress to make it harder for indiviuals to recieve bankruptcy protection for their personal debts.  The old rule was that there was a 7 year peroid after declaring before you could declare again.\n\nA legal website offers this info: \n\n"A Chapter 7 bankruptcy can be filed every 8 years from a previous chapter 7 filing or 6 years from a prior chapter 13 filing. Chapter 13 can be filed 4 years from a prior Chapter 7 filing or 2 years from a prior Chapter 13 filing. Filing bankruptcy can adversely affect your ability to obtain future credit, rent housing and even negatively impact a job application, so any decision to file must be carefully considered."
162604
Do you have a steady job with a steady income?  Then it won't be too hard to make a budget to help you pay off the debt.\n\nWork with your creditors.  They like it when you communicate with them.\n\nYou CAN buy a house, car, etc.  But you will have to either 1) learn creative financing from places like www.richdad.com (for property buys) or 2) expect to pay a very high interest rate to "re-establish your credit" and places like that won't report your good credit payments - only if you miss one.  \n\nI bought 2 properties about a year after my bankruptcy and the interest rate wasn't bad at all.  Some "for sale by owners" will work with you on their own terms and their own interest rate to help you get a house.  Just be aware that you have to look at a few hundred homes to get an idea of value of the property vs. value of the loan terms.\n\nBankruptcy is getting harder and harder to actually file with the courts because the courts are recognizing that folks are doing the bankruptcy route instead of showing that they actually did attempt to pay back the debt.  I think, in some states, part of the requirement to file bankruptcy is to have evidence that shows you have attempted credit counseling or some other way to show you have attempted to work with the creditor and pay back the debt before a judge will even consider your bankruptcy case.
400076
Yes, I just did.  I did a chapter 13 a month ago.  I had to do a one hour telephone interview with a bankruptcy approved consumer credit counselling service (my attorney gave me the phone number), and they gave me a certificate that said I was approved to file a bankruptcy, which they sent to my attorney.  All of my unsecured debt was released, and I'm on a 5 year payment plan with the bankruptcy trustee to pay off my cars, and some income taxes.  Almost $10000 of credit card AND payday loan debt was washed away!  Saved my life!  Good luck!  (BTW...Torkhum, one of your answerers, doesn't know what he's talking about...the new laws only effect about 2% of the population when everything is said and done, once you get bankruptcy approved interview with the CCC service your attorney recommends to you)
1174066
Ok follow these instructions to the "T" this will restore credit nicely.  this information comes to you as a free no obligated gift from me as I was in the same predicament.\n   I  presume that you have endured the bankruptcy 7 year not credit allowed. sometimes that wait can be up to 10 years if you just stand by and do nothing about expediting the process.\n  \n1) sell an item or two, your goal is to come up with at least $600.00. or the more the better(fees &other).\n2) go to a bank(one that you have not done any prior business with and a national bank if possible.\n3) be sure you have all the criteria a bank needs to set up an account IE: ssn, id, at least a part-time job. birth  cert?\n4) deposit 500.00 into a savings acount.\n5) then have that $500.. as secuity because you will be taking out a personnal loan with in the amount of 500.00. You will not need a co-signsor(or at least i did't) as the money you just deposited is their security. their will be a hold by the bank on these funds.\n6) with the $500.00 you recieved as a loan. wait a few days and then go to another bank and use the same instructions. and if they ask if you have other accounts you can now say yes.\n  Do the above with at least three banks,each time you do this you will have in each bank $500.00. along with that you will be lugging this 500.00 around. \n7) ok now you have established 3 accounts. Please read the following importantly:\n hang unto the $500.00 and make the minimum monthly payment on each(recommended), this is ok as the goal here is to regain your credability here . keep track of all transactions.\n8) when your obligations have been fulfilled you now have credit along with $500.00 in each account.$1500.00!\n9) be sure to keep up on all those watchdog master credit rating burous.\n10) And their you go..You now have 3 lines of credit. i have helped\nother people out with the same succsess. be digilant and do not get back into the predicament that got you here in the first place.  \n  Your welcome           bchristo@tds.net
797645
refi and get out of that crappy ARM before you lose everything. Bankruptcy laws cannot help you in this situation (you'll probably lose the house) refi or sell it and take the loss (sounds like you bought too much home anyway)\n\noh you can refi at ANYTIME!
702046
I doubt if you will be able to file bankruptcy on line. You can file on your own, but will probably need to talk with an attorney. Bankruptcy laws changed about a year ago. You cannot automatically get a Chapter 7 discharge. There is a means test you must pass before you will be allowed to receive a discharge. You may be required to file Chapter 13 to repay all or part of your debts. That is the new law. There are Consumer Credit Counseling companies that help those with credit problems to work something out and repay their debts without having to file for bankruptcy. They can often work out a reduced settlement out with your creditors. If it has been 10 years and you are working, perhaps it would be best to try and work out a settlement on your debt. Frankly, after 10 years, I am not sure that they could legally collect from you anyway. If you file bankruptcy your credit will suffer for many years. A bankruptcy can stay on your credit for as long as 10 years, depending on the section of the bankruptcy law you use. You really need to talk to a lawyer or credit counseling service.
733694
Good question!!! \n\nYou need to wait until after you are discharged to really do anything. \n\nOnce the bankruptcy is discharged, you need to do the following: \n\n1. Pay your bills on time \n\n2. Dont incur any unecessary debt\n\n3. Open sucured credit cards that report to the credit bureaus.\n\n4. Wait 6 months after discharge, then dispute the BK with the 3 bureaus. After 6 months the BK filing is stored in the Federal Archives and rearely will it be verified, so it falls off!!! 100% true\n\n5. Continually build your credit by gradually opening low limit cards, like Eufora, Orchard, 1st Premier..... and asking for higher spending limits every 6 months. \n\n6. Open secured loans that report to the credit bureaus. \n\n7. Finance furniture (buy here pay here) that reports to the bureaus! \n\n8. Piggyback other peoples good credit accounts (BEST SECRET IN THE BIZ!!! follow this link: http://www.expert-credit-advice.com/building_credit.htm)   \n\n9. Dont file bankruptcy again! \n\nThere are the facts from a credit expert. \n\nYou have the right proactive attitude. Keep your head up, put in the effort, do the right thing and eventually you will look back on this bankruptcy and laugh. \n\nWishing you the best of luck!
1074672
Contrary to what other posters have said, bankruptcy will stay on your credit record for 10 years, not 7.\n\nYou will eventually be able to get credit after the bankruptcy though it may be a few months and the rates will be extremely high.  It's actually not that hard to start rebuilding your credit after bankruptcy as lenders know that you CAN'T file again for 7 years so they will get something from you.\n\nThere's no way around the high rates and fees that you'll encounter; it's a fact of post-banrkuptcy life.  Just take it easy on the expenditures and as your credit score inproves, ask for lower rates.
1053039
The new rules for chapter 7 bankruptcy effect approximately 3% of the population.\n\n#1 You will now have to attend a counseling session before filing\n#2 You will have to attend a financial management course after you file\n#3 You will also need to provide more documents to your attorney to file for bankruptcy.\n\nThe previous answer is totally invalid. I hope you know that. There is no debt to pay back after chapter 7. And in less than two years I raised my scores into the mid 600's. It's business as usuall and I am able to qualify for a home mortgage, a car or most credit cards if I choose.\n\nThere are scores of attorneys out there who love doing bankruptcies because it's gravy work for them. You should find someone suitable for about $500. Filing fees should still be under $300. I actually filed my own bankruptcy with the help of a legal aid office for $550, lock,stock & barrell.\n\nIf you do hire an attorney, He needs to sit down with you for an hour and fill out the paper work with you. That his job. He knows how to fill in the blanks. The reason I say this, an attorney I sought out handed me the papers to fill out and sent me home.\nI had so many questions I was stymied. I sought out another attorney. He asked me to bring all account information to his office. We sat down and he filled out the paperwork as he was asking the questions.
113813
No that is not much debt just try to make payment arrangements and pay monthly payments to ensure your credit is not ruined.  Bankruptcy stays on your credit for 7-10 years that is a long time
1008116
I know that the previous answer is not correct. Bankruptcy, whether it remains on your report or not, only restricts your mortgage options for two years (in some cases only six months)\n\nForeclosure is a different matter and should not be spoken in the same sentence. Normally you would want to file bankruptcy to avoid foreclosure.\n\nCheck the guidelines for FHA loans. FHA requires two years of payment history, 3% down payment(and there are grants available to cover that) and a qualifying income. \n\nDon't despair. Just as there are methods of removing bankruptcy from your report, a foreclosure can be removed more easily. Wait two years, than dispute the forecloser with the credit bureau. The bureau has to verify whether the information is correct and may not be able to so because the mortgage company no longer has you in their file. The information than must be deleted.
851962
Talk with an attorney.  There might be a way you could still come out of bankruptcy with something left.  You didn't say why you want to go bankrupt.  Do you owe more than $65,000?  If there is a way that you can not file bankruptcy then I suggest that you do not file for bankruptcy.  Do you have relatives you could live with if you lose the house?  Usually if you have a lien then any money that's taken from your pay or from what has been sold that you own first goest to paying the lien on the house.  Debts on the other hand, well you can go to Consulter Credit Counseling who can remove the interest, close your accounts, and help you pay down those bills if you have a job.  Right now there are a lot of part time jobs so you can get a second job for the holiday season and don't buy anything more.  Cut off your cable, get rid of your cell phones, and if things get really tight then sell your expensive car if you have one and get a clunker for a while till you recover.  If there are others in your family they could get jobs too.  And, if you can still have the house for a while longer then maybe you can rent out a room by the week (ask for church attenders who need a room to stay over the holidays).  But first you need to figure out how much time you have left on the house before it goes into foreclosure.  Best of luck to you.
93418
It is possible for one person to file more than five bankruptcy petitions.  The questions is whether the Debtor who does so will receive a discharge in each case.  That will depend on the chapter, the amount of time that intervenes between the filings, and how the prior cases are resolved (dismissed, discharged, pending, etc.)  \n\nThe rules state in an earlier answer are obsolete for cases filed after the effective dates of the 2005 bankruptcy reform act (October 17, 2005 for most changes).  The waiting period is now 8 years for filing a second Chapter 7.  Also there are numerous new limitations on the effect of a subsequent Chapter 13.  If you are considering a second bankruptcy, set an appointment with a bankruptcy attorney.