First...you probably mean get a loan to buy a house. Part of the BK processs is to start to understand that it isn't yours if you don't pay for it.
Your a bankrupt...it will be a fairly long time until you can get credit again, and in todays credit environment....a mortgage won't be possible until you prove yourself credit worthy for several years with other smaller things.
More importantly, read the documents you swore under oath to abide by with the court, when pleading with them to provide you protection under the BK laws:
You agreed you will not make any new debts, change any financial things much, etc without the approval of your case administrator first. Doing so will have your case dropped and very possibly contempt charges brough by the court. IT IS YOUR SOLEMN SWORN PROMISE AND TESTIMONY to the court....hopefully it means more than those same promises you gave previously to those who you borrowed money from.
If your bankruptcy is still pending (i.e. - NOT CLOSED BY THE COURT) you will need to get the Trustee's permission to do this. If your case is closed, you can sell your house at anytime. Contact your attorney for more information.
AnswerIf you are not sure, get professional help before you make any decisions because there are legal implications that you need to observe. This independent website has a lot of useful information. http://freshstartsolutions.com.au/bankruptcy/
The best time to purchase a new home after filing for Chapter 13 bankruptcy depends on how long your bankruptcy will be. If you have your payments on a five year plan, then you may have to wait a little longer.
As soon as your discharged
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
How soon after filing Chapter 7 Bankruptcy, can you file either Chapter 13 or Chapter 7 Banruptcy again?
Yes it is possible to qualify for a mortgage despite a Chapter 13 bankruptcy filing. In a Chapter 13 filing the debtor agrees to a court structured debt repayment schedule. Typically, after making payments on time to creditors as required by the bankruptcy agreement an individual can be discharged by the Court from the Chapter 13 proceeding. Once discharged from bankruptcy an individual can apply for a mortgage. Each bank has different rules about how soon someone can apply for a mortgage after a bankruptcy. Most people coming out of bankruptcy apply for an FHA mortgage loan since this program has the most lenient underwriting standards.
If you are facing some serious financial issues, you may consider filing for chapter 13 bankruptcy protection. If you do file keep in mind that there is no limit to the amount of times you can refile for the same protection.
Your question is not trivial, and there may be some variance due to asset equity thresholds and such parameters set by the state of jurisdiction for the bankruptcy filing. An excellent primer about filing chapter 7 or 13 bankruptcy is "The New Bankruptcy, will it work for You?" 3rd edition by Stephen Elias, published in 2009 by Nolo; 346.078 E42N Dewey decimal.
It is very important that the BK participants contact the bankruptcy trustee as soon as possible when they experience changes that directly affect the filing status.
YES, its called an AUTOMATIC STAY. ALL collection efforts must stop as soon as they are notified of your filing.
is it safe to file for voluntary dismissal of chapter 13 bankruptcy
Why should you get the title? If the debt is secured by the condo or house, you cannot get a discharge of that debt unless you surrender the asset in the chapter 7.
Because of the "automatic stay", which goes into affect as soon as a Bankruptcy is filed, your car cannot be re-possessed while the Bankruptcy is in progress (unless the creditor files a motion with the court asking for relief from the automatic stay). However, as soon as the Bankruptcy is discharged or closed - which occurs approximately 6 months after it is filed - the car can be re-possessed.