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Can you repurchase your own home after discharged in bankruptcy?
Wiki User
∙ 12y ago
Theoretically and technically yes. In practice, it's very unlikely to actually happen; the point of bankruptcy is that you liquidate your assets except for a small "exempt" amount and use the proceeds to partially satisfy your creditors. You shouldn't have enough left over afterwards to use to purchase a home.
Wiki User
∙ 12y ago
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How long does someone have to wait before they can get a loan on their own after a bankruptcy is discharged?
This depends on the type of loan you are referring to and the lender. Mortgage lenders typically want a person to have 12 months clear credit history after a bankruptcy has been Discharged (not filed). Automobile and credit card lenders like the same, but there may be exceptions. The best thing is to ask, without allowing your credit to be pulled. The only thing I would add to the other posting is..Beware of predatory lenders. The type who have ads that read "bankruptcy, bad credit, no problem", or something of that nature. IMO, they are loan sharks, and you need to be extremely cautious.
Can you refinance your house while you are in a chapter 13 bankruptcy?
If you own a home and you have made your payments on time to the bankruptcy trustee, you may be able to complete your bankruptcy very quickly. There are several thinks that must be considered. It is very important that you work with a Mortgage Lender who has a lot of experience in this type of refinance. If you have equity in your home you may be able to do a cashout refinance of the home and use the cash you take out to pay off the bankruptcy. This will require the approval of the bankruptcy trustee. Normally the best option for someone who wishes to do a cashout transaction is an FHA loan. You can get an interest rate that is aggressive and you will not have a prepayment penalty. Another factor is how long you have been in the bankruptcy.
Which of these about bankruptcy is false A amount of debt is less than the income earned B after bankruptcy you can't get credit for 10 years C everything you own goes into bankruptcy D All of these?
ALL of these are false: A amount of debt is less than the income earned B after bankruptcy you can't get credit for 10 years C everything you own goes into bankruptcy
Will a bank hire you if you have a bankruptcy on your record?
no they will not Yes. Each bank has its own rules but most will, unless of course they were listed on the bankruptcy
I own real estate with a non-spouse family member This person is going to file bankruptcy How will that affect your part ownership of this real estate?
It it a house? If so, and it is the home of the relative; no problem. It it a house? If so, and it is the home of the relative; no problem. I assume by own, you mean you are both on the mortgage...This would mean that when they list their assests in the bankruptcy, they will put the house into it as well. You would need to refinance to get the other party off the loan/deed of trust.
You declared bankruptcy a year ago it has been discharged can you rent to own a home?
Yes. You can buy one too. But getting a loan may still well be impossible.
If you own a home can you file for bankruptcy?
Yes
Can you file bankruptcy on a rent to own home in Pennsylvania?
Yes you can file bankruptcy. However the "rent to own home" is not owed by you and is still owned by the "landlord". You can continue with the "rent to own" or walk away. Bankruptcy is an entitlement to citizens for debt relief
Why would a corporation repurchase its own stock?
A corporation might repurchase its own stock in order to invest in itself. This allows the company to retain ownership of itself.
Can a bankruptcy court keep a debtor from marrying?
You can, but depending on the type of bankruptcy, household expenses and income may be reexamined for the settlement. It would be more simple to wait until the bankruptcy has been discharged. It also might be better for your own finances to carefully evaluate how you will manage finances as a couple.
If you sell your home after foreclosure proceedings have started and you have a discharged bankruptcy on the home will you receive the proceeds?
I'm guessing what your saying: You went BK and reaffirmed the mortgage. The BK with the reaffirmation was discharged and you kept the home. Your now behind again and being foreclosed. Of course you can still sell the house - you still own it and your not now under any BK court restraint. To effect the sale, you have to pay off the mortgage (and any other liens) against the house in the closing.
Is there a Statute on bankruptcy of home repayment in Kentucky?
Bankruptcy is a Federal law. So, it applies in KY too. But bankruptcy is not for a specific debt. It effects everything you owe and everything you own.
Can you protect your home in chapter 7 bankruptcy in Arkansas?
When you fill out the forms for the bankruptcy, make sure that you "reaffirm" the mortgage. That means that you will continue to pay the mortgage as agreed. The bankruptcy trustee that will be assigned to your case will guide you through the rest. HIRE AN ATTORNEY!! IF you own a home,,,NEVER go it alone for a bankruptcy.
Can you sell your home if you are under chapter13 bankruptcy?
Yes, but you must get permission from the Court. You do not technically own the home while you are in the bankruptcy - it is property of the bankruptcy estate. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
What is stock repurchase?
Companies offer a privilege to repurchase its own shares from the shareholders with higher price comparing to the market. A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares, because a share repurchase reduces the number of shares outstanding (i.e. supply), it increases earnings per share and tends to elevate the market value of the remaining shares.
What happens when the second home is placed in bankruptcy by mistake and is not your primary residence?
what happens when you file bankruptcy and your second home you own as an investment is placed in the bankruptcy by mistake the house getsfor closed on and sold but no title search is done to see that there are actually two mortgages on the house who is responsible for the second mortgage
Can you file bankruptcy for a mobile home?
It is, like everything you owe and everything you own, included. Must be. Again, in BK everything is in...no pick and choosing. You cannot go Bk on the mobile alone. Or leave the car out. What you own is used to pay what you own. (Yes, some things, like household goods, work tools, and others are exempt from being used and things like Child Support, exempt from being "discharged")
