How to use Chapter 13 bankruptcy in a sentence
The good news is that the Federal Housing Administration will insure mortgage loans for applicants currently in Chapter 13 bankruptcy as long as you qualify under their rules and regulations.
However, talk to an attorney to see if there is a chance to separately classify your business debts by filing a Chapter 13 bankruptcy and whether or not a repayment plan can be structured in your situation.
Chapter 13 Chapter 13 bankruptcy is a reorganization plan for individuals.
Declare Chapter 13 bankruptcy - You will be required to repay at least some of your debt on a repayment plan.
Getting a mortgage while actively involved in a Chapter 13 Bankruptcy is possible, but it isn't necessarily easy.Advertisement