Timeline of bankruptcy events

What happens before, during and after bankruptcy
30monthsChapter 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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Debt Adviser

Don't be seduced by this debt plan

Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am thinking about a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche... Read more


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