Is filing chapter 13 really that bad. I hear people saying that they filed bankruptcy and purchased a house the next year, is that possible
You can view more information on a chapter 13 bankruptcy. Most chapter 13′s run for 5 years, and paid to the trustee of the bankruptcy courts from your paycheck however you get paid. The secured debts are paid first, the un secured last. This website will give you more informaiton: www.usbankruptcy.gov or www.bcsalliance.com Both are great informational sites to inquire on debts, credit and bankruptcy issues.
Buying a house after a bankruptcy filing is going to take lots of work on your part, higher interest rates and a good stable income, and proof that you can pay your bills.
