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Bankruptcy Loan – It May Be Easier Than You Think

Because you file bankruptcy, does not mean it is the end of your financial life. You will get your financial matters back in order quicker than you think. Actually the idea of a bankruptcy loan, would be to help reestablish your daily life and financial well being.

Getting a bankruptcy loan can help give people who filed bankruptcy, opportunities to own a home, get a company loan and buy a new car.

You can get a bankruptcy loan after you have submitted bankruptcy and your case will be discharged and lenders have been paid off.

With a Chapter 7 bankruptcy case the debtor has to wait around 2 years after their bankruptcy was filed to obtain a bankruptcy loan. Once the bankruptcy has been terminated, you can apply for a new loan. With a Chapter Tough luck bankruptcy case, the financial institution has to be paid off entirely before the debtor can put on for a large loan.

Bankruptcy financing does not have to be borrowed before bankruptcy. Bankruptcy loans are usually took out after filing bankruptcy to reestablish your credit. Bankruptcy lending options are offered after the bankruptcy and also creditors have been paid back.

Another advantage of a bankruptcy loan is always to consolidate your higher interest debt. It is possible to consolidate your debt in to a bankruptcy loan and have one month to month loan payment. A bankruptcy loan and consolidating your debt is an excellent way to get you financial life back in purchase.
Bankruptcy loans that are paid out on time can help with your credit when paid completely. You can then apply for loans with much better interest rates. With a bankruptcy loan, you can make your credit to where it must be.

You should consult a monetary specialists for information on a bankruptcy loan. Bankruptcy loan services as well as specialists can help you using the best interest rates and also terms. Financial providers and specialists can get you a bankruptcy loan by settling the best rates and terms with collectors.

One of the best ways to get the bankruptcy loan is to prove to creditors you are no longer a bad risk. Paying your bills on time will prove to lenders that you are financially accountable with credit. You can then get yourself a bankruptcy loan and get your financial affairs back in buy.

When considering a bankruptcy loan, that can be done a Google or Yahoo research to find all the information and also resources you need to get the very best loan you can get. The Internet will be invaluable for getting you financial situation under control.

Comments: 26

  1. Raven February 12, 2013 at 11:12 am Reply

    We just filed chapter 7 bankruptcy and it will be discharged soon. We are in need of a new car, but when we stopped by to talk with the finance manager at a car lot he said we would have to wait 6 months before any of the banks would touch us. Is this true? Has anyone bought a car soon after they were discharged? Thanks for your answers!

  2. Christian February 27, 2013 at 7:08 pm Reply

    I’m putting off filing for bankruptcy for a couple a weeks because I’m in the process of writing a business plan wich should be complete next week. My hours were cut so it’s not like I’m not paying my bills for the business. I’m getting the money from my parents. Should I wait until after bankruptcy or should I start my business right before?

  3. Carman March 29, 2013 at 11:52 am Reply

    I have worked in the Banking industry for years (Retail Banking, Foreclosure, Bankruptcy, Home Loans and now Leadership training of Bank Managers) and would like to get into my own buisness as a Transaction Coordinator. I was going to get my notary and take a Real Estate class but I am not sure if that is needed. I heard that someone HAS to train you for the postion. Any classes?

  4. Codi June 27, 2013 at 3:54 am Reply

    60% of all bankruptcies are for medical expenses.

    If people had to be held personably responsible for their medical costs and couldn’t just declare bankruptcy and make them all go away, leaving doctors and hospitals to raise costs for the rest of us to cover the deadbeats, our costs would stay lower.

    You can’t declare bankruptcy for student loans… Why should you be able to for medical costs. Every time there is a bankruptcy for medical costs, you and I pay more for our health care!

    Personal Responsibility!!!

  5. Leonel July 27, 2013 at 11:11 am Reply

    I am filing for bankruptcy and have student loans. Are they going to be taken care of through the bankruptcy?

  6. Cheree July 28, 2013 at 2:44 am Reply

    I am thinking of filing for bankruptcy. Can creditors touch the equity I have in my home? What assets can they cease?

  7. Bart August 3, 2013 at 6:09 am Reply

    I am currently am not living with and about to file for legal separation from my husband. He just told me he is filing bankruptcy, he owns a construction company that’s had a hard year. We are not ready to call it quits yet and divorce, but I want to protect myself. We have no joint accounts and my name is not even on the house he’s living in or associated with his business. Even if we get a legal separation will I still be affected by his bankruptcy? We live in Oregon.

  8. Candie August 20, 2013 at 6:54 am Reply

    My fiance declared bankruptcy with his ex-wife about 4 years ago. I have great credit. What will happen when we get married? Also, we would like to eventually buy a house. Should I try to do it alone with my great credit before getting married, or after marriage with twice the income but his history? Any insight would be great.

  9. Nancee August 31, 2013 at 7:30 am Reply

    We are $44, 000 in debt. We tried debt management, and the payments were around $500 per month. We cannot afford that. We can’t file bankruptcy, because two loans that we have, my mother is the co-signer, and it would stick her with the payments, and she can’t afford to make those?

  10. Kortney September 27, 2013 at 12:00 am Reply

    I have heard it can be done and want to know how it can be done and under what circumstances as I know it’s difficult. I ask because I have over 100k in loans and have been unable to get a job that pays over 30k, and my payments are to be over 1,000 per month and I only make 1,600 per month.

  11. Felisa October 9, 2013 at 10:01 pm Reply

    My sister just got married about 3 months ago. She had $15,000 in student loans and he said he had $15,000 in student loans too.

    She recently found out that his actual debt is about $50,000 or more. I told them they need to see a professional to really have their situation checked out. They are newlyweds with one car each and they rent a house and so I don’t think they have any assets.

    Would filing for bankruptcy make their loans go away?

  12. Maxima October 19, 2013 at 9:09 am Reply

    I have a loan that needs to be paid off. The problem is is that I don’t have a job or any source of income to pay it off. The problem is also you can’t file bankruptcy on a student loan. Is there any website that I can go into that will help me pay off my tuition. What about the stimulus plan?

  13. Nelson October 20, 2013 at 4:07 pm Reply

    He likes to slice and dice his words but he is full of crap and he knows it . He knows all about bankruptcy laws .
    He also knows full well that Bain and other venture capitalists turned the auto companies down .

  14. Rolando November 23, 2013 at 3:56 am Reply

    4 times?
    how many times has Obama filed for bankruptcy?
    is defaulting on loans good for the economy?

  15. Isiah February 21, 2014 at 8:10 am Reply

    I have around $10,000 in debt, mostly credit card debt. I do not know what route to take to bail ME out. Should I file bankruptcy, get a loan, or go with one of these credit card debt relief agencies? Also, I go to and I know that there are some things that are not showing up on there that are affecting my credit score.

  16. Clotilde February 21, 2014 at 1:14 pm Reply

    I have massive student loans, credit card bills, and hospital bills. Does chapter 7 bankruptcy get rid if student loans which are in collection?

  17. Carlton February 21, 2014 at 1:47 pm Reply

    I owe about 220,000 in student loans (75,000 in private loans, 110,000 from direct loans (sub and unsub) and the rest from AES (sub and unsub)) plus 5,000 credit card debt and I just CAN’T get a job in this economy. Is there anyway to claim bankruptcy and get rid of the student loans?

  18. Wei February 21, 2014 at 11:28 pm Reply

    person A borrows $1300 from a (now former) friend.

    It is verified in writing

    Person A is awarded bankruptcy in court…but once her home is sold, she will break even on all debts at minimum or will come away with approximately $10,000.

    She is now living with someone else—her housing expenses are drastically reduced…and she no longer has the $1000 in other loan payments..

    so she does have the money.

    The friend loan was not included in the bankruptcy filing.

    Friend A promised to pay back $50-$100 a month–

    can the now former friend take her to small claims court..

    the loan originated before filing for bankruptcy..and the promise to pay 50/100 after.

    its been about 5 months since the promise to make payments
    THERE WAS A PROMISE TO PAY AFTER THE BANKRUPTCY HEARING…does that matter… the promise to pay…there was no mention of the date of origination..just IOU 1300 and will pay

  19. Hisako February 22, 2014 at 4:43 am Reply

    We were just notified that my husband’s student loans are delinquent. Long story. They are private student loans and most of them he took out before I met him. His father is the cosigner. The amount of money we have to pay back is over 100,000.00 and we are already a struggling one-income family. IF we were to look into bankruptcy, would the private loans automatically transfer to the co-signer like it would a mortgage? Or is there another way? I’d appreciate any tips.

  20. Vilma February 22, 2014 at 5:51 am Reply

    My husband filed bankruptcy 3 months ago. I was wondering when we would be able to apply for a FHA loan. We were told maybe around 6 months after filing.

    Also when is the best time frame to start looking at houses.

  21. Ronald February 22, 2014 at 5:51 am Reply

    i have a repatriation loan and its to much for me now i would like to file for bankruptcy will this loan go away too

  22. Adolfo March 13, 2014 at 12:34 pm Reply

    I’m claiming bankruptcy because I have over 100,000$ worth in Medical Bills (1/2 of em are mine and I’ve never had insurance). Basically the time has come for me to get myself a car. Just a cheap one for like 3 grand. Is it possible for me to get a loan, or should I not even bother to avoid the embarrassment?

  23. Pedro May 5, 2014 at 1:25 pm Reply

    I am way into debt, and I can’t claim bankruptcy on it all because some of it are school loans. I was wondering if I could Consolidate all of it, and then after a while claim bankruptcy.

  24. Candelaria May 22, 2014 at 9:58 am Reply

    If a person has so many student loans that they must file bankruptcy, will that effect them on how good of a job they can get?

  25. Jerrod May 28, 2014 at 3:40 pm Reply

    If we declare bankruptcy, will it interfere with me getting student loans? I still have 2 years of school left, I don’t want to lose my school loans. Anyone have any idea? My husban and I were both left several thousand in debt from our ex spouses, and there is no way we could even begin to start paying anytime sons I think we are in $18,000, and neither of us could afford attorneys to make our ex spouses help pay

  26. Leesa May 29, 2014 at 2:24 am Reply

    I am unfortunately getting ready to file for Ch.13 bankruptcy. I know that my student loans will not be included in this filing so, my question is….will my father, who cosigned my student loan, know that I have filed? I would like for this information to stay between myself, the creditors and my lawyer. Thanks for your help…

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