Posted on: 26th Jun, 2013 12:23 am
Hello there... I need to file for bankruptcy after my divorce. What will happen once I file for it? Will I be able to buy a home and a car after I file for bankruptcy?
Hi Morris,
Once you file bankruptcy and follow the process correctly, it will help you in getting a discharge from your debts. You won't be able to qualify for a car or a home immediately after bankruptcy. You will have to wait for few years to do so.
Thanks,
Jerry
Once you file bankruptcy and follow the process correctly, it will help you in getting a discharge from your debts. You won't be able to qualify for a car or a home immediately after bankruptcy. You will have to wait for few years to do so.
Thanks,
Jerry
hi morris!
welcome to the fourms!
yes, it won't be possible for you to buy a car or a property after filing bankruptcy. if you have filed chapter 7 bankruptcy, then after the discharge, you will have to wait for 4 years to get a conventional loan and 2 years to get a fha loan.
feel free to ask if you've further queries.
sussane
welcome to the fourms!
yes, it won't be possible for you to buy a car or a property after filing bankruptcy. if you have filed chapter 7 bankruptcy, then after the discharge, you will have to wait for 4 years to get a conventional loan and 2 years to get a fha loan.
feel free to ask if you've further queries.
sussane