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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.
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∙ 15y ago
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What happen if you file bankruptcy and have not been discharged and buy a car and have it finance?
If you file bankruptcy and you have not been discharged the car that you buy can be used to finance it.
Can you buy a house if you have filed bankruptcy?
No.
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 long should you wait after bankruptcy to buy a house?
about a year or two
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.
What vehicles can be kept in a bankruptcy?
any car you have it has to be added to your bankruptcy but you get to keep it, as long as you don't go out and buy a brand new car then file , that wont work they wont put that on you will have to pay for it
How long until a bank seizes your house after you file for bankruptcy?
Most banks won't seize your home after bankruptcy. One of the key purposes of bankruptcy is to preserve the living assets and provide the individual with another chance (albeit with a lot less credit flexibility). Note: I am NOT a certified financial planner (CFP) and am NOT licensed to provide financial advice. [opinion] If you are in a situation where foreclosure is on the horizon and you have tried to negotiate with creditors to no avail, you will want to consider bankruptcy in order to hold onto your home. While the debt associated with your mortgage may not be forgiven as a result of the bankruptcy, you WILL force a renegotiation and you WILL keep your home.
If you file personal bankruptcy can you keep your personal vehicles in Pennsylvania?
MAYBE! Most states set limits on the value of a vehicle that you can keep after filing bankruptcy. You can't go out and buy a brand new Porsche or Mercedes Benz and then file bankruptcy and keep the car. You will be limited to something that is worth less than $3000 or so.
How do you buy a house while in a chapter 13 bankruptcy?
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
Can you buy a house if one party has filed bankruptcy but the other hasn't?
Yes, provided you use ONLY your credit for the loan.
