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You can make new purchases and create new debt as soon as the day of the discharge of your bankruptcy action. However, if the cash your using was not disclosed in your bankruptcy, or was temporarily diverted to a friend or family member to avoid disclosure, then you may face federal problems if discovered.
If you are using disclosed cash, or new assets you obtained after your bankrupcy you would not have any problems. However, if your looking for a mortgage for this new house, willingness of a financial institute to provide you with new debts or loans will vary depending on how this effected your credit and other factors.
Prior to the problems in the mortgage lending industry it would have been possible, however today it is much harder since there really are no sub-prime banks anymore. I would say it may take a few years and diligent personal financial and credit management.
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∙ 13y ago
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How soon after bankruptcy can you buy a car loan?
As soon as you get the cash to pay for it
Can you buy a house if you have filed bankruptcy?
No.
How soon after Chapter 7 bankruptcy can you buy a new RV?
one year.
How long should you wait after bankruptcy to buy a house?
about a year or two
Can you buy a house if you have filed for bankruptcy?
If you have filed bankruptcy because you cannot afford to pay your debts, a lender will not loan you money to purchase a house and it just doesn't make sense. You cannot continue to acquire assets while your assets are frozen and in the possession of the trustee in bankruptcy in a bankruptcy proceeding.
How soon after bankruptcy can you buy a house in Nevada?
When you have the money
How soon after bankruptcy in Kentucky can you buy a house?
5 years
How soon after bankruptcy can you buy a car loan?
As soon as you get the cash to pay for it
Can you buy a house if you have filed bankruptcy?
No.
Can you buy a home after bankruptcy?
Yes, as soon as you reestablish your credit to the lender's satisfaction.
How soon after Chapter 7 bankruptcy can you buy a new RV?
one year.
How long should you wait after bankruptcy to buy a house?
about a year or two
How soon after a chapter 7 bankruptcy can you buy a car?
The day you are discharged you can buy a car. You need to take proof that you are discharged.
Can your file for bankruptcy and still buy a house?
i am not 100% about being able to buy a house, but you CAN keep your house if you already own 1,but you do have to pay any equity in the house to your liquidator.
Is it 5 years after bankruptcy and foreclosure that you can buy a house?
2 years for an FHA loan
Can you buy a house if you have filed for bankruptcy?
If you have filed bankruptcy because you cannot afford to pay your debts, a lender will not loan you money to purchase a house and it just doesn't make sense. You cannot continue to acquire assets while your assets are frozen and in the possession of the trustee in bankruptcy in a bankruptcy proceeding.
How soon can you buy a house with cash after foreclosure?
Never.....
