A Chapter 13 bankruptcy allows you to keep all your property while paying some or all of your debt in a three- to five-year Chapter 13 repayment plan. But this benefit comes at a cost. You'll have to pay nonexempt creditors for the property you can't protect with an exemption. Nonpr...
Before a home buyer can use a VA loan after a foreclosure, they’ll have to wait two years. If the foreclosure was the result of a bankruptcy, the wait time could be different. Chapter 13 bankruptcies only require a one-year wait while Chapter 7 bankruptcies require a two-year wait. If...
In rough shape and need to be sold quickly Owned by someone who can no longer afford the payments and wants to sell the property for just enough to pay off the mortgage to avoid foreclosure Your primary clients will be: Real estate developers House flippers Landlords looking for inexpensive pr...
exempt property that can be used to pay back their creditors and if so how much money they earn each month. There are three main chapters in bankruptcy: Chapter 7 which discharges debts, Chapter 13 which sets up a plan to pay debts back over time and Chapter 11 for business bankruptcies....
When a friend tells you about her new job, be happy for her. If someone buys a new house, take part in their enthusiasm. If someone shares some great news with you, keep the focus on them instead of turning it back to yourself. Find big and small ways to celebrate other people’s ...
Now that you have a better understanding of how bad credit affects the renting process, let’s move on to the next section: preparing your rental application. This step is crucial in presenting yourself as a reliable and attractive tenant to landlords. Keep reading to learn more!
I guess it WoUld be that the Work WaS generaIIy ChoSen based Off the PlaCe I Wanted to be, and not the Other Way around. I now realize how much Ive Iearned from having to adapt to every new role and WOrk across a Variety OfindUStrieS With different groups Of people. ProfeSSional devel...
Credit Accounts: Take note of all your open credit accounts, including credit cards, loans, and any other lines of credit. Verify that they are all accurate and belong to you. Public Records: Look for any derogatory marks such as bankruptcies, foreclosures, or tax liens. These can have a ...
If you've gone through bankruptcy, you're probably considering your new financial options and might be wondering whether homeownership is in the cards for you. Although it does take time and is difficult, it's not impossible to buy a house after declaring bankruptcy. The exact steps yo...
For starters, it can impact yourcredit scoremore severely than any other single financial event. While not all bankruptcies actually cause a big drop in your score—in fact, it is theoretically possible that your credit score could rise following a bankruptcy—any negative effect makes it more c...