Sentences with phrase «prior bankruptcy»
The phrase "prior bankruptcy" means that someone has declared themselves unable to pay their debts in the past and gone through a legal process to resolve their financial problems. Full definition
VA Loans are available to borrowers with prior bankruptcy, foreclosure, or short sale.
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Chapter 13 Case Dismissed Due to Failure to Disclose Prior Bankruptcy Filings, Other Acts Deemed in Bad Faith
-- The government will look at prior bankruptcies in considering your creditworthiness for a PLUS loan.
There are also limits based on prior bankruptcies and a pre-filing credit counseling requirement.
Although FHA has recently revised its credit reqiurements, FHA home loans are widely available to borrowers with credit challenges including prior bankruptcy or foreclosure.
What if I have some credit issues, a prior bankruptcy, existing loan or line of credit?
Source Capital believes that our clients shouldn't be denied a loan based on poor credit or prior bankruptcies.
You may not file under any chapter if within the preceding 180 days you had a prior bankruptcy petition dismissed due to your willful failure to appear before the court or comply with court orders, or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property on which they hold liens.
Don't be discouraged if you've been rejected by the bank because of a prior bankruptcy, poor credit score or foreclosure.
A debtor can not file under chapter 12 (or any other chapter) if during the preceding 180 days a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property upon which they hold liens.
The second page of the petition identifies all the prior bankruptcies you have filed.
Bankruptcy / Short Sale: Select only if you have a had a prior bankruptcy or Short Sale.
A prior bankruptcy will affect your ability to get a private student loan and will also affect the cost of that loan.
Generally speaking, the following debts will not be discharged: taxes; spousal and child support; debts arising out of willful misconduct and / or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; nondischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures.
FHA guidelines are a little more forgiving when it comes to credit history, making it the only practical option for some home buyers who had a prior bankruptcy, foreclosure, or short sale in the past few years.
If your credit score has taken a hit due to late payments or a prior bankruptcy, there are some things you can do to help increase your score.
«While a prior bankruptcy can make it more expensive to borrow, it's certainly not impossible to qualify for credit,» the study says.
The court may order a delay pending the outcome of a criminal investigation, or a breach of your duties as specified in the Bankruptcy and Insolvency Act, or due to a prior bankruptcy.
An individual also must receive credit counseling months before filing for Chapter 7 (with few exceptions), and can not file under Chapter 7 or any chapter if a prior bankruptcy petition recently was dismissed by the court or debtor.
Steven J. Boyajian was quoted in Law360 on July 15, 2016, in an article that discusses the Second Circuit's decision to strike down, in part, a prior bankruptcy court decision that protected General Motors from liability related to ignition switch defects.
For individuals trying to manage a prior bankruptcy or other debt resolution issue, this should be considered before proceeding with a life settlement.
We have even accepted borrowers with low credit scores, prior bankruptcies, and foreclosures, so if a bank turns you down, call us!
NCCM provides real estate backed first lien bridge loans on operating properties where the borrower or the property does not meet traditional commercial banking lending standards due to extenuating circumstances such as tenant vacancy or prior bankruptcy.
We have originated cash - out refinance loans for borrowers with low credit scores, prior bankruptcies, and foreclosures.
Since our underwriting guidelines focus on equity, not borrower credit, we are able to accept borrowers with low credit scores, prior bankruptcies, and foreclosures.