Sentences with phrase «period under the bankruptcy»

A Chapter 13 bankruptcy does not disqualify a borrower from obtaining an FHA mortgage provided the lender documents that one year of the payout period under the bankruptcy has elapsed and the borrower's payment performance has been satisfactory (i.e., all required payments made on time).

For Chapter 13, the requirement is that the bankruptcy was «discharged prior to loan application and all required bankruptcy payments were made on - time, or a minimum of 12 months of the pay - out period under the bankruptcy has elapsed and all required bankruptcy payments were made on time.»

Not exact matches

Under this type of bankruptcy, you'd repay most of your debts within a three to five year time period.

New FHA guidelines announced August 15, 2013, in Mortgagee Letter 2013 - 26 say that borrowers who meet certain criteria and qualify for a loan under FHA requirements will be able to apply for an FHA loan without the usual mandatory waiting period after a foreclosure, short sale or bankruptcy.

A Chapter 13 bankruptcy does not disqualify a Kentucky Borrower from obtaining an Kentucky FHA - insured Mortgage, if at the time of case number assignment at least 12 months of the payout period under the Chapter 13 bankruptcy has elapsed.

If, however, you do not satisfy certain waiting periods under federal law, then your student loan debt will survive your bankruptcy or your consumer proposal.

If you satisfy the five - year waiting period then, you have the option of making an application before a judge in Bankruptcy Court, and the judge has the discretion to grant a «court - ordered discharge» under a «hardship provision».

For example, if a person had a Chapter 7 Bankruptcy, the usual waiting period would be two years for FHA, but under some circumstances it could be moved down to just one, not with VA though.

(9) This section does not apply unless the acknowledgment is made to the person with the claim, the person's agent or an official receiver or trustee acting under the Bankruptcy and Insolvency Act (Canada) before the expiry of the limitation period applicable to the claim.

As a matter of principle, a claim for solicitors» fees not as yet judicially assessed or determined was not a claim for a liquidated sum which could be the subject of a bankruptcy petition, even if the period for challenge under the Solicitors Act 1974 had expired.