Sentences with phrase «home after filing for bankruptcy»

And contrary to popular belief, a person can often retain his or her home after filing for bankruptcy.

Not exact matches

Unfortunately, filing for bankruptcy leaves credit severely damaged for no less than seven years after the debts are discharged, making it difficult to secure new debt for a home, a vehicle, or a credit card in the future.

TimeGate Studios reportedly sent all staffers home today after filing for bankruptcy protection last week.

You could have a home in Cleveland worth $ 450,000, but if you are underwater with a mortgage balance of $ 600,000, there is no equity and therefore nothing for the bankruptcy trustee to come after in the event you file for Chapter 7 protection.

However, after the trials created as a result of filing for bankruptcy, it is a very welcome route towards mortgage loan funds to actually buy the home that might otherwise go unsecured.

For example, a North Carolina woman and her husband fell deeper into debt, filed for bankruptcy in an attempt to save their home from foreclosure, and took second jobs as janitors after paying $ 11,000 to two Florida companies for debt settlement services they never deliverFor example, a North Carolina woman and her husband fell deeper into debt, filed for bankruptcy in an attempt to save their home from foreclosure, and took second jobs as janitors after paying $ 11,000 to two Florida companies for debt settlement services they never deliverfor bankruptcy in an attempt to save their home from foreclosure, and took second jobs as janitors after paying $ 11,000 to two Florida companies for debt settlement services they never deliverfor debt settlement services they never delivered.

Most people filing for bankruptcy in order to save their home, hear about the marvelous laws regarding automatic stays and homestead exemptions jump with joy, until they receive notice that the foreclosure proceedings are continuing even after they file.

So, what is the required waiting period for new FHA home loans after filing bankruptcy or foreclosure?

If your surviving spouse or partner files for bankruptcy, it may take seven to ten years (or longer) after losing the home or going through foreclosure to qualify to buy another home.

Banks and lenders don't like loaning money to people who have filed for bankruptcy in the past, so owning another home in the future is much more challenging after filing for bankruptcy.

Buying a home after filing bankruptcy in California requires a waiting period before being eligible to qualify for an FHA, VA, USDA, or Conventional home loan.