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How long after a bankruptcy is discharged should you wait to get the best interest rate?
Wiki User
∙ 18y ago
after about 6 years you should get a good rate of interest with a much better chance of not being turned down for credit.
Wiki User
∙ 18y ago
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Can a car be repossessed when it is in litigation for redemption in bankruptcy ct though the bankruptcy was discharged?
This is a good question to ask your B/K attorney whom you are PAYING to look out for your best interests.
Can a judgment that was discharged be reinstated 2 and a half years after the chapter 7 bk judgment was included in the bankruptcy?
It depends on the specific circumstances and laws governing bankruptcy in your jurisdiction. Generally, once a judgment is discharged in a Chapter 7 bankruptcy, it cannot be reinstated. However, if there were any exceptions to discharge or if the judgment was based on fraud, it could potentially be reinstated. It is best to consult with a bankruptcy attorney for guidance specific to your situation.
Should a Christian file bankruptcy?
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
After getting discharged from Ch 7 how long should you wait to rent apartment or buy a house?
You can try as soon as you want. However, its usually tough to get a mortgage loan until about 2 years have passed from the date you filed bankruptcy. You may be able to get a loan sooner, but your interest rate will be terrible, so its best to wait 2 years.
Can property taxes be discharged in chapter 7 bankruptcy in Texas?
TAXES in CHAPTER 7sorry to tell you , but in Texas property taxes can not be discharged in any bankruptcy.As laws change every year it would be best to check with the city you live in
If you file bankruptcy does that mean that the payment history on your accounts is not supposed to show anymore?
This would be the best case scenario for your credit report, but it does not happen automatically. Hopefully, your bankruptcy attorney was diligent about informing all creditors included that their debts were discharged. If not, and you still have derogatory information showing that was included and discharged in a bankruptcy; then you need to send letters of dispute to the creditors and the credit bureaus. Follow up to make certain that nothing shows on your credit report except for the legal entry of bankruptcy, its disposition (the discharge) and all trade lines have no negative information except for the "included in..." or "discharged through..." notation.
You have been in chapter 7 bankruptcy for 5 years the house needs major surgery Are there anyplaces to go for an equity loan And what happens if you leave the house?
Discharged for 5 yrs? Alot of companies will do an equity loan after chp. 7 has been discharged, check with a mortgage broker they have alot of diff. lenders to work with and should know who has the best rates for your situation.
How do you remove liens on property that was transferred for no consideration before the judgment was executed when the debts were included in bankruptcy?
The person wishing to take the action needs to be certain that the debts were actually discharged in the bankruptcy before he or she can take any steps to have the liens lifted. The other issue would be if the property was legally transferred according to the federal or state bankruptcy laws or if it is being challenged as a fraudulent conveyance. If the BK has not been discharged and in most cases closed as well then the liens may still be valid. The best option is to consult with an attorney who is knowledgeable in federal and state bankruptcy matters.
What would your beacon score be if you were just discharged from bankruptcy?
You are entitled to one free credit report a year. The best thing to do is to check on your report. Future on time payments will gradually improve your score.
What are the consequences of declaring bankruptcy?
A discharge in bankruptcy means all your unsecured debts are discharged and your secured debts have either been reaffirmed or the collateral has been surrendered and the remaining balance has been discharged. So you get a "fresh start" financially. Your credit score lowers a bit, but if you had to file for bankruptcy, your score was probably low anyway. It starts going up, finally. The discharged debtor may find it difficult for a while to get a job involving handling money. It may be difficult to get a new apartment or buy a house until you have increased your credit score enough to qualify. You will get offers for a new credit card. Read them carefully. Check the card issuer out carefully at Consumer Reports and get the lowest interest rate available and a low card limit ($300 to $500). Use it, never going even close to the limit, and pay the balance in full before the due date. You will be able to buy a car, but at a high interest rate. Make sure the lender you use (a local credit union is best) will allow you to lower your interest rate if your payments are made on time.
What should you do if your attorney advises you to amend your bankruptcy schedule before the Motion to Dismiss hearing?
The bankruptcy petitioner retained an attorney as legal counsel and representation, therefore it would be in his or her best interest to follow the advice given. It is possible for a MTD to be dropped if the petitioner can present the court trustee with a filing schedule that qualifies for the type of BK that is in question.
Where is the best place to get financed for a vehicle after being dismissed from chapter13 bankruptcy?
If the Chapter 13 was dismissed before the Plan was completed and the balances of unsecured debts discharged, you may have a difficult time getting a car loan. If the Plan was completed and you have a discharge, you will be able to get a car loan at car dealers, but you will pay a high interest rate. If you make on-time payments for 6 months, you may be able to get a refi on the loan at a lower interest rate. Your best bet is to open an account at a local credit union and apply there for a car loan.
