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After filing for Chapter 7 bankruptcy, there is a required waiting period before you can refinance again. Both Freddie Mac and Fannie Mae, require a waiting period of 4 years after the dismissal date.
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∙ 10y ago
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Can you get home financing after bankruptcy confirmed?
You can get a home after a BK. If it was a chapter 13 you can get a mortgage at any time. You can even use a refinance to buy out the BK. If it was a chapter 7, you normally need to wait 2 full years. Under certain circumstances you can buy a home after one year.
How long must you wait to take a job offer after filing chapter 7 bankruptcy?
You re free to do so at any time...in fact it is encouraged...the idea of BK for you to get a fresh start and put your life - and finances - in order.
Can you file bankruptcy if your unemployed?
You can file chapter 7 bk. Unless you have another revenue source, you would not qualify for a chapter 13 bk because you need to have "regular income" for a 13 bk.
What is a discharged bankruptcy?
In a chapter 7 it is a total liquidation BK, that has been found valid and has been approved. Therefore the debtor(s) are discharged from the debt(s) that were included in the BK. A discharged BK is not the same as a closed BK. If it is a chapter 13, it indicates that the debtor(s) have fulfilled their obligation of repaying the amount to creditors that was ordered in the BK. After the trustee's audit a chapter 13 is considered closed
Can you file chapter 7 bankruptcy if you filed in 2005 in kentucky?
If the 2005 BK was a chapter 7, then no, you would only be able to file another chpt. 7 bk in 2013.
How long does bankruptsy last?
A chapter 7 should be about 3-4 months. A chapter 13 can be between 3-5 years. A BK stays on your credit report for 10 years.
How long would you have to wait to sue a person who has filed for bankruptcy?
If the debtor included your debt/cause of action in his BK petition, then the answer is that you can NEVER sue because said debt/cause of action was discharged in the BK.
Can you file again if you filed in may 2005 on chapter 7?
You can file a chapter 13 bk, but NOT another chapter 7.
If your Chapter 13 bankruptcy was dismissed for non-payment but you kept your mortgage up-to-date and now the mortgage company is starting foreclosure again is it possible to refinance after this?
this may be very difficult. You might have better luck talking to your attorney and getting back into a new BK 13. After some time you may be able to refi.
How long do you have to wait before getting married after a bankruptcy?
Well..presuming your relationship sense is better than your financial...BK makes no difference.
If a chapter 7 bk has been discharged but the mortgage lender will not work with you to keep the house will a chapter 13 work or would you be able to find a lender to refi the current mortgage in PA?
A chapter 13 MIGHT work if you have the ability to keep your payments current after filing the Chapter 13 and then repaying the past due amount over a period of 3 to 5 years. You ability to find a new lender to refinance the existing loan will depending on your cash flow, equity and ability to pay. You shoulld contact mortgage broker and a bankruptcy attorney to discuss all of the options.
Can you file chapter 7 on your corporation?
That type of BK is available to corporations wanting to dissolve.
