Does filing bankruptcy mean I can’t get a loan for a car or a home?
During the bankruptcy period, does that preclude me from buying a house or a car?
No, not at all. Lenders know that you’re not likely to run out and file another bankruptcy and they know you don’t have a whole lot of debt. So, you are actually a good candidate for another loan. Right after bankruptcy is done, you’re going to qualify for a car loan. You gotta shop around and make sure you’re getting the best interest rate out there, but you can get a car loan. If you want a house, it may take you two years before you get back in those great interest rates again, but give it two years and you may be eligible for FHA financing at conventional rates.
Brian Cahn, senior partner with Perrotta, Cahn and Prieto, P.C.
Perrotta, Cahn & Prieto represents clients throughout Georgia and the Southeastern United States. We have offices conveniently located throughout Georgia. To schedule a free consultation with a lawyer at our firm, call us toll-free at 866-382-8900 or visit us online at www.northgabankruptcy.com.
We have offices in: Cartersville, Calhoun, Dalton, Atlanta and Dallas
Serving clients in: Bartow, Floyd, Paulding, Cherokee, Polk, Whitfield, Douglas, Cobb, Fulton, Chatham, and all of Northwest Georgia.
Posted on July 20, 2012, in Bankruptcy and tagged Atlanta, Attorney, attorneys, Bankruptcy, Bartow, Brian Cahn, Cahn, Calhoun, car loan, Cartersville, Chapter 13, Chapter 7, Chattooga, Cobb, conventional rate, Dallas, Dalton, defense, Douglas, FHA financing, FHA loan, Floyd, Fulton, Georgia, Gordon, home loan, homestead, Lawyer, Murray, North Georgia, Paulding, Polk, protect, residence, Rome, Whitfield. Bookmark the permalink. Leave a comment.