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Timeline of bankruptcy events

What happens before, during and after bankruptcy
Bankruptcy Timeline
Warning! Bankruptcy approaching Alert! Bankruptcy dead ahead Cut back Seek an attorney Prepare Seek counseling File bankruptcy Personal financial course Finance a vehicle 341 meeting Chapter 7: Discharge FHA-insured mortgage Unsecured credit card Purchase home FHA-insured mortgage Chapter 13: Discharge Drops off credit report Drops off credit report
 
30 months Chapter 7: FHA-insured mortgage
 
Two years after discharge; consumers are eligible.
Eligible after a year if the consumer shows he or she is responsible with his or her financial affairs, the bankruptcy was caused by circumstances beyond his or her control and that the circumstances are not likely to happen again.
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Bankrate.com's corrections policy
-- Posted: June 20, 2006
 
 
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Bankruptcy: After you file
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