Tag Archive for: chapter 13 bankruptcy

Chapter 11 vs Chapter 13 Bankruptcy: What’s The Difference?

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When facing financial difficulties, it's essential to know your options. Although bankruptcy may appear daunting, it can be a strategic solution for recovery. In this guide, we'll explore the differences between Chapter 11 and Chapter 13 bankruptcies to help you determine the best path forward. We'll also introduce an alternative solution that many overlook when under financial stress.Read More

Can I Buy A House After Bankruptcy?

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Are you wondering if you can buy a house after bankruptcy? While it comes with its challenges, notably rebuilding credit and navigating waiting periods for mortgage qualifications, it is certainly achievable. Bankruptcy, while a setback, is designed to provide a fresh start, freeing you from overwhelming debts. If you're considering homeownership post-bankruptcy, whether it was Chapter 7 or Chapter 13, there are pathways to success. It should be noted that these same rules also apply if you want to just refinance your mortgage after a bankruptcy.Read More

How Long After Chapter 13 Can I Sell My House?

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If you want to sell your house while in the midst of Chapter 13 bankruptcy, you likely have several questions about the process, legal requirements, and timing. In this blog, we'll explore the nuances of selling your home during or after Chapter 13 to help you make informed decisions.Read More

Refinancing During Chapter 13 Bankruptcy in Tennessee

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For many residents in Tennessee, filing for Chapter 13 bankruptcy protection is a strategic move to regain control over their financial situation. Unlike a Chapter 7 bankruptcy, which involves liquidating assets to pay off debts, Chapter 13 allows debtors with a “regular income” to reorganize their debts and set up a structured and affordable repayment over a three-to-five-year period.Read More

Refinancing During Chapter 13 Bankruptcy in Massachusetts

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Chapter 13 bankruptcy, often referred to as a "wage earner's plan," allows individuals with regular incomes in Massachusetts to develop a plan to repay all or part of their debts. During this process, debtors propose a repayment plan to make installments to creditors over a three to five year period. Filing Chapter 13 bankruptcy in Massachusetts can provide a structured path to financial recovery while still retaining your assets.Read More

Refinancing During Chapter 13 Bankruptcy in Oregon

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Navigating your financial recovery during a Chapter 13 bankruptcy in Oregon can be daunting, especially if you're looking to refinance your home. Thankfully, refinancing isn't just a possibility; it's achievable with the right guidance and understanding of the process. If you meet the right criteria, you can refinance to get a lower rate or to pull cash out to pay off debts or even your entire bankruptcy. We will explain more below.Read More

Refinancing During Chapter 13 Bankruptcy in Georgia

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Navigating your financial recovery during a Chapter 13 bankruptcy in Georgia can be daunting, especially if you're looking to refinance your home. Thankfully, refinancing isn't just a possibility; it's achievable with the right guidance and understanding of the process. If you meet the right criteria, you can refinance to get a lower rate or to pull cash out to pay off debts or even your entire bankruptcy. We will explain more below. Read More

Refinancing During Chapter 13 Bankruptcy in Arizona

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Navigating the complexities of a Chapter 13 bankruptcy in Arizona can be daunting. Among those complexities is your mortgage. Many Arizonans wonder if they can refinance their mortgages to take advantage of lower rates or to take cash out for home improvements or debt consolidations – while they are in a Chapter 13 bankruptcy. The answer is a resounding yes - as long as you meet the required criteria. Let's explore this in detail, providing clarity and support, so you can make an informed decision. Read More

Refinancing During Chapter 13 Bankruptcy in Florida

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Navigating through financial troubles can be daunting, especially if you're dealing with a Chapter 13 bankruptcy in Florida. But did you know that refinancing your mortgage during this challenging time is not just possible but can be beneficial? And sometimes – extremely beneficial! This is when you have enough equity in your home to allow you to pull out enough cash to pay off all of the debts in your bankruptcy and eliminate your bankruptcy altogether. This in turn allows you to get started on the path to reestablishing your credit and financial standing. Read More

Refinancing During Chapter 13 Bankruptcy in California

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Navigating through Chapter 13 bankruptcy in California can be a complex process, particularly when it comes to managing major financial decisions like refinancing your mortgage. However, with the right information and guidance, refinancing your mortgage during this challenging time can be both achievable and enormously beneficial. This comprehensive guide will address common questions and provide essential insights into the refinancing process during a Chapter 13 bankruptcy.Read More

Don’t Let Chapter 13 Bankruptcy Ruin Your Credit or Life!

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Has the thought, "Does filing for Chapter 13 bankruptcy hurt my credit?" crossed your mind? If you're struggling with debt, it's a common concern. We're often approached by worried homeowners who fear the impact of bankruptcy on their financial well-being. But what if there's an alternative that can save your credit and your peace of mind? This comprehensive guide offers insights and answers to help you navigate the tough decisions ahead.Read More

Mortgages and Bankruptcies: A Guide for Borrowers Seeking Home Loans

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Owning a home is a commonly shared goal for many, yet financial setbacks like bankruptcy often raise concerns about the possibility of homeownership. A common misconception is that bankruptcy automatically disqualifies borrowers qualifying for a mortgage. Fortunately, this isn't always the case and there's plenty of room for optimism and solutions for homebuyers. Bankruptcy is not a permanent barrier to homeownership.Read More

Chapter 13 Bankruptcy and Mortgages

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Chapter 13 bankruptcy is a legal process that allows individuals with regular income to reorganize their debts and develop a repayment plan over a specific period, usually three to five years. Unlike Chapter 7 bankruptcy, which involves liquidating assets to repay creditors, Chapter 13 focuses on creating a structured repayment plan while protecting your assets, including your home.Read More

Bankruptcy Seasoning Requirements For Mortgages

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If you have had to file for a bankruptcy case in the past, you may worry that you will never be able to purchase a property or qualify for a mortgage. Good news! A bankruptcy on your credit report does not automatically disqualify you from obtaining mortgage financing, and your bankruptcy needs to “season” before you can obtain mortgage financing.Read More