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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
 
18 months Unsecured credit card
 
A bankrupt consumer can switch to an unsecured credit card with more favorable terms one to two years after a bankruptcy discharge, depending on positive re-established credit.
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-- Posted: June 20, 2006
 
 
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NATIONAL OVERNIGHT AVERAGES
$30K HELOC 4.93%
Personal loan 12.85%
$30K Home equity loan 8.19%
Rates may include points
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