Mortgage Financing after Bankruptcy
Following a Chapter 7 bankruptcy discharge, a client will most likely need to wait 2 years prior to being able to obtain a new mortgage loan.
A client may be able to obtain a new mortgage loan immediately following the completion of a Chapter 13 bankruptcy.
A client who has been in an active Chapter 13 case for 1 year who has made all Chapter 13 plan payments and post-petition mortgage payments on time may be able to obtain a new mortgage loan such as a refinance with a new mortgage lender of an existing mortgage loan with court approval.
Financing a Car Loan after Bankruptcy
Immediately following a Chapter 7 bankruptcy discharge or Chapter 13 bankruptcy discharge a client may be able to obtain a car loan including a loan to finance the purchase of a new car if the client has adequate income.