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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
 
2 years Purchase home
 
A home can be purchased 18 to 24 months after a personal bankruptcy discharge, depending on a positive credit history.
Interest rates may be an estimated 2 points to 3 points higher than conventional rates.
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Bankrate.com's corrections policy
-- Posted: June 20, 2006
 
 
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Bankruptcy: Before you file
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NATIONAL OVERNIGHT AVERAGES
$30K HELOC 5.24%
Personal loan 13.94%
$30K Home equity loan 7.66%
Rates may include points
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