Those who’ve filed for Chapter 7 bankruptcy need to wait at least 4 years after a court discharges or dismisses your bankruptcy to qualify for a conventional loan to buy a home. The amount of time you need to wait to apply for a conventional loan after a Chapter 13 bankruptcy depends on...
Perhaps one of the most misunderstood guidelines in the mortgage world as it relates to buying a home after bankruptcy. Today I go deeeeeeeep into what it takes to buy after BK, and have surrendered a house in that bankruptcy (regardless of foreclosure date). Learn more at BalancePro...
Buying a vehicle that is too expensive or buying one too soon after bankruptcy won’t help you, and it could send you hurtling back over the financial abyss. But by very carefully obtaining an auto loan with terms you can handle, you can begin to re-establish your creditworthiness. “If ...
LOS ANGELES, Feb. 27 (Xinhua) -- U.S. film studio the Weinstein Company announced late Sunday that it will file for bankruptcy after a buyout deal collapsed. In the announcement, the company's board said while they recognize "this is an extremely unfortunate outcome" for the employees, cr...
Bed Bath & Beyond's brand name, domain and loyalty program assets werepurchased by Overstock.comfor $21 million last month after filing for bankruptcy in April. The acquisition also did not include Bed Bath & Beyond's brick-and-mortar stores, which have closed. ...
Bankruptcy could be your best option for solving your financial problems, but it will remain on your credit for up to ten years. Waiting at least two years after debt relief can help you get better loan terms and a better interest rate....
Negative credit history,such as defaulted loans, foreclosure or bankruptcy. For example, you need to wait two years after bankruptcy toapply for an FHA loan. Liquid assets,such as savings and investment accounts. This is particularly important forjumbo loan borrowerswho are buying multi-million-...
Can I Buy Car After Filing Ch. 7 Bankruptcy?doi:urn:uuid:561cde5f29816410VgnVCM100000d7c1a8c0RCRDYears ago, buying a car after bankruptcy was next to impossible. Thankfully, times have changed.Justin HarelikFox Business
Buying a house after bankruptcy is possible, but it will take some patience and financial planning. It's important to check your credit reports regularly to make sure everything that should be there is there—and nothing is there that shouldn’t be. You can start rebuilding your credit...
For example, Bed Bath & Beyond declared bankruptcy in April 2023 after spending $11.7 billion on share buybacks from the time of the financial crisis up to its collapse. The company's workforce had shrunk from 65,000 employees in 2017 to just 20,000 in 2023, but it was still spending ...