How soon can I buy a house after Chapter 7?

Answer Chapter 7 bankruptcy stays on a buyer's credit report for 10 years, but high-interest mortgages are available almost immediately afterward. Fees for these bad credit mortgages are very high, howeve... Read More »

Top Q&A For: How soon can I buy a house after Chapter 7

Is it possible to buy a house after a Chapter 13?

You can buy a house after declaring Chapter 13. Bankruptcy lowers your credit score, and mortgage lenders use your score to determine your loan eligibility. Lenders can deny the loan if your score ... Read More »

Can you keep the cars& the house in a Chapter 13?

Chapter 13 is the debt repayment option where people make arrangements with their creditors to pay off all or part of their debt. Bankruptcy cases vary by individual. Whether one can keep one's car... Read More »

Can I keep my house if I file Chapter 7?

A debtor's ability to retain his or her home after filing Chapter 7 bankruptcy depends on state laws and exemption schemes and the amount of equity in the home. In certain states, debtors may exemp... Read More »

Can they take my house in Chapter 7 bankruptcy?

You will not necessarily lose your house if you file Chapter 7 bankruptcy. Your house will be abandoned to you if there is no equity in the house. The lender retains the right to foreclose if you d... Read More »