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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Bankruptcy: Before you file
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Debt Adviser

Who pays deceased mom's debts?

Dear Debt Adviser, A couple of months ago, my friend's mother died. Her brother is handling the estate and has been wondering about their mother's $2,100 outstanding credit card debt. The mother had no assets except for... Read more

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