While filing for bankruptcy will initially have a negative impact on a person’s credit score, it will also signal to creditors that the individual is taking steps to address their financial problems and regain control of their finances.
The waiting period on getting a loan after your bankruptcy can vary depending on a host of factors, but a big one is the type of bankruptcy you experienced. With a Chapter 7 bankruptcy, lenders typically wait two years after the date of discharge. As for Chapter 13 bankruptcy, you may be eligible for a VA loan just 12 months removed from the filing date.
PRESS RELEASE Orem, UT – The Utah Law Firm of Douglas Barrett, LLC was recently named as one of the “10 Best” Bankruptcy Law Attorneys for Client Satisfaction by the American Institute of Legal Counsel (AIOLC) an impartial third party rating service. In the September 2016 announcement the AIOLC noted that the firm was recognized for outstanding client… Continue reading "10 Best" Bankruptcy Law Attorneys for Client Satisfaction