answersLogoWhite

0


Best Answer

No. The bankruptcy will for certain be dismissed with prejudice. The premise being, if the consumer had the money to purchase a house, they had the money to pay previous debts.

User Avatar

Wiki User

19y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it possible to declare bankruptcy while purchasing a home in order to reduce credit card debt without it affecting the loan approval?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you file bankruptcy if you receive VA disability?

It is possible to file bankruptcy when receiving VA disability.


Can you file a bankruptcy 13 when your bankruptcy 7 was discharged with restrictions?

Transformation is possible but before taking any step firstly consult to bankruptcy attorney.


Is it possible to NOT qualify for chapter 13 bankruptcy?

Yes


Is it possible to just declare bankruptcy on credit cards?

You can declare bankruptcy due to credit card debts, yes.


Is it possible for a creditor to take your monthly salary after filing bankruptcy?

No, unless the creditor gets relief from stay or the bankruptcy is dismisssed.


Is it possible for the executrix of an estate to file corrupt bankruptcy for that deceased individual?

An executor cannot file for bankruptcy in the name of the decedent.


What kind of services do business bankruptcy lawyers offer?

A business bankruptcy lawyer can guide your business through the bankruptcy process, and ensure that you can maintain as much of your assets as possible while undergoing the bankruptcy process.


Is it possible to go bankruptcy only on one of your property if you own several?

No.. bankruptcy when you have many debts and no assets can be liquidated for you to pay your debts..


If a automotive lender files for bankruptcy do you still owe the debt?

Sure. Those are the funds that the bankruptcy referee distributes as fairly as possible.


Can you fire your bankruptcy lawyer after you have filed?

Yes, but you will still be billed for his or her legal services. And any possible problems with the bankruptcy will be the petitioner's responsibility.


Is it possible to find out if someone is bankruptcy?

Only when pulling their credit report.


What are the two chapters a business can file bankruptcy under?

You can file bankruptcy for two possible reasons: you are unable to pay your debts or your creditors file for bankruptcy if you owe them more than 1000 dollars.