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.< | > Create a news alert for "debt" RESOURCESBankruptcy: Before you fileBankruptcy: When you fileBankruptcy: After you file TOP STORIESWhat, exactly, is 'good' creditBrokered CDs: What happens if bank fails?New Fed rules tighten mortgage practices Compare RatesNATIONAL OVERNIGHT AVERAGES$30K HELOC4.70%Personal loan14.07%$30K Home equity loan7.55%Rates may include pointsADVERTISING PARTNERSadvertisementRelated Links:Paying for basics with credit card a no-noFiance is $100,000 in debt3 options for debt woes, none of them goodRelated Articles:Make money moonlightingSpend emergency surplusCar loan in bankruptcy