We are about 6 months from being discharged(Approx $5K balance). We have been in BK since January 2001. Our home has been refinanced in 1997 and in 1999 trying to use debt consolidation (obviously which didn't work). The loan currently is a 10.75% ARM.
No you can refinance right now.
You can refinance now if you there is equity in your home to do so. It is very important to know that only the very few in the mortgage broker business know how to do this loan successfully. First ask do they have special access to court records #2 do they understand the court system and how to work with the trustee and the attorney. Then who ever helps you must know the proper lenders to go to for you and third make sure their fees are reasonable. Here is a site to go to for more answers www.chapter13refinancing.com
You can quite possibly refinance up to 80 percent of the value of your home and get some cashout with a decent rate.
Yes.
Whether your car loan is discharged by a bankruptcy or not will depend on your state and the equity in your car. Whether the loan will be discharged or not is called an "exemption".
One can find a guide on how to refinance a home after a Chapter 13 bankruptcy on various websites like Homeguides and wikiHow. Both websites offer a great amount of information about all kinds of things, including bankruptcy.
If you filed a Chapter 7 bankruptcy in MI and it is discharged, you can amend whatever document you want at any time. It does not matter whether it is during the process of bankruptcy or after the discharge.
If a debt was listed on a Bankruptcy that you filed and the Bankruptcy went through then that debt is permanently discharged with a Chapter 7.
While participating in a Chapter 13 bankruptcy, no major financial transactions are allowed w/o the permisson of the bankruptcy trustee.
With bankruptcy most banks will not take it into account after 2 years of discharge. Banks look more favorably on Chp. 13 than on Chp. 7's, I deal with many banks who will actually refinance before the 2 year period depending on the circumstances.
No. Child support is not discharged in bankruptcy.
No
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
The debt should be identified as being in bankruptcy or discharged in bankruptcy. It will remain on the list for 7 years. The bankruptcy will remain on the report for 10 years.