Compare Mortgage Quotes

haridas_badhe · Joined: 11 May 2009 Posts: 59 0.06 Dollars($)

Hi,
I going to unexpected medicle problem,which force me to in financial problem.As well as I cant offered EMI on home loan.

So can I declared banckruptcy ?
Is that give me problem in future..?
Please give me details of banckruptcy as well as elibigility...

Thanks In Advance..

rita2 · Joined: 23 Apr 2010 Posts: 286 51.03 Dollars($)

Hi,

You can file bankruptcy but it will hit your credit score severely. It will also remain on your credit report for 7 years. Why don't you try to go for a loan modification? If you apply for loan modification, the lender will check your credit score, your source of income and credit history. In loan modification the lender will give an easy re-payment plan so that it becomes easy for you to pay off your debt. You can also go for bankruptcy 13. In chapter 13 you can keep your property and the court approves a new interest free plan of re-payment. Think about the options before taking any step and also consult with a good bankruptcy attorney to get detailed information.
Feel free to ask questions.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

whan I can declared banckruptcy

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1