Question: Would I have to wait the entire 10 years before I can apply for a mortgage? Answer: NO You wouldn’t have to wait 10 years to apply for a mortgage! A bankruptcy is reportable on your credit report for 10 years. This does NOT mean that your credit is destroyed for 10 years. According […]
Can Bankruptcy Help Me Avoid a Foreclosure if I Have No Income?.
Question: I’m considering filing for bankruptcy. Is Chapter 13 better than Chapter 7? Answer: A Chapter 13 is only better than a Chapter 7 if you are behind on a secured debt such as a mortgage or a car note and need a plan to pay them back. If this is not your situation, a […]
This question was asked to Brewington Legal on our Facebook Fan Page: www.facebook.com/brewingtonlegal. Here is the answer that was given to the poster. In order to pay the arrears of a secured debt, like a mortgage, you would have to file a Chapter 13. The problem with a Ch 13 for you is going to […]