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What else can I help you with?
Is it possible to get financing to purchase a house and a car after filing Chapter 7 bankruptcy for the second time?
You need your Bankruptcy Chapter 7 to be discharged first before getting a loan to buy a house. Most lenders require two to four years of re-established credit before they will consider making you a loan. However, many lending sources are competing today to make loans to borrowers with less-than-perfect credit even if you have had your Chpter 7 discharged less than two years ago. You may need to put down a sizable down payment,and have sufficient income to qualify howevevr. there are some mortgage lenders that will allow one day out of bankruptcy with 100% financing
How difficult is it to get a car loan after being discharged from chapter 13 bankruptcy?
It's fairly easy to buy a nice used car after you've been discharged from bankruptcy; there are companies that send mailings to these people offering them car loans. You'll pay a high rate of interest,though. Buying a nsw car or leasing a car tends to be more difficult, but if you have an income adequate to pay off the loan, you may be able to get those, too.
How soon after filing chapter 13 can you hope to buy a home?
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.
What happens if you are in a Chapter 7 and am 1 payment behind on my mortgage I am in New Jersey?
I am not sure about in New Jersey But in Florida if you can prove ability to pay the MTG they will allow you to keep home if you can bring it current, in my bankruptcy, at the time of consult i was current but fell behind before i went ot court so i included the house in the bankruptcy and was able to buy a new home in 2 years
Can you buy a house if you have filed bankruptcy?
No.
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.
How soon after a chapter 7 bankruptcy can you buy a car?
The day you are discharged you can buy a car. You need to take proof that you are discharged.
Can you buy a car before declaring bankruptcy?
Sure, and it and all other assrts will be part of the BK and used to pay your debts, If you do it in anticpation of BK, thenit's fraud and you'll end up with your caase dismissed or criminal charges.
You declared bankruptcy a year ago it has been discharged can you rent to own a home?
Yes. You can buy one too. But getting a loan may still well be impossible.
After Chapter 7 bankruptcy has been Discharge can buy a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
Can you buy a home with bankruptcy on credit report?
NO
What if you have a home that you are renting can you buy another home after bankruptcy?
maybe
Is it okay to purchase a car before you file bankruptcy?
Yes, as long as it is not excessive and you plan on paying it back. In other words don't buy a Mercedes if you usually drive a Honda. And any auto loan made within 910 days before bankruptcy cannot be discharged. So if you can't pay for it they can come repossess it.
Is it better to buy a car with a horrible credit history or wait until a bankruptcy is discharged?
Wait until the bankruptcy is discharged. Dear Lord, yes, wait until the debt is discharged! Otherwise you will get stuck with horrendous interest rates which, even if you can afford the resulting inflated monthly payments, will take forever to build any positive equity in the vehicle. And remember that a discharged debt is not the same as a charged-off debt...you will still owe a charged-off debt.
Can you cash in an IRA and buy a car with the money before your bankruptcy is discharged if you've already been to your 341 Meeting?
you must know very well that you can buy anything you want with the $$ in someone else's name. Tell your trustee that you have some sort of problem or addiction, and they would not be able to trace the $$.
Is there any exceptions to waiting 3 years after foreclosure to buy a home?
It so depends on whether you have fully discharged your bankruptcy and where your finances are now. If you have done well, and have a hefty 20% down payment, you might find a way. Otherwise, take your time and enjoy being home ownership free.
Can you buy a home after bankruptcy?
Yes, as soon as you reestablish your credit to the lender's satisfaction.
