Posted on: 24th Sep, 2011 12:34 am
My fiance and I both have credit scores below 500 due to ex's screwing us over we want to file bankruptcy after we get married. We do not own a house, and our car is our means of working. We only make about 800 monthly, and live with friends. is bankruptcy our only means. We need to get into a place and get utilities turned on. but we want to start fresh!
Hi amandaandsteve,
As you want to start afresh, bankruptcy will help you in doing so. However, after you file bankruptcy, you won't be able to get a mortgage immediately to buy a new home. You need to wait for 2-4 years to get a mortgage depending upon the type of bankruptcy you file. However, you can try to rent a property after your bankruptcy filing gets discharged.
Thanks
As you want to start afresh, bankruptcy will help you in doing so. However, after you file bankruptcy, you won't be able to get a mortgage immediately to buy a new home. You need to wait for 2-4 years to get a mortgage depending upon the type of bankruptcy you file. However, you can try to rent a property after your bankruptcy filing gets discharged.
Thanks