Impact: Buying a House Right after Bankruptcy
The only constraint to a person’s ability to buy a house right after emerging from a bankruptcy by discharge is finding someone who will give that person a loan to buy that
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The only constraint to a person’s ability to buy a house right after emerging from a bankruptcy by discharge is finding someone who will give that person a loan to buy that
Most people with experience in this or with an opinion recommended leaving bankruptcy as the very last option, mainly because what a bankruptcy discharge does to one’s credit score. Typically, a debtor
A quitclaim deed is a very simple conveyance vehicle. It holds the statement that the person named and whose signature the vehicle bears (grantor) has quit, the legal word is remise, any
Federal Bankruptcy Law (FBL) has a section, 525a that prohibits any government agency from causing a person to be denied a professional job license based solely on having filed for bankruptcy. Whereas
An S-corporation (S-corp) is one that is owned by its shareholders. All profit or loss passes to the shareholders. These shareholders must report this income, profit or loss, on their individual federal
When one files for bankruptcy, that person knows or should know, that the court will be looking at the debtor’s life very closely and the debtor’s bills and payment records even closer.
In general, “yes”, a financial institution holding a mortgage can sue for full repayment of the loan amount outstanding on a mortgage where the debtor has defaulted. When a house is foreclosed,
This is a very difficult concept for many people to understand. Several lawyer site profess having trouble getting clients to see the difference between a debt and its lien on an asset.
There is a lot of information on this. US Code 38&5301(a) state that VA Disability is not considered income. Bankruptcy Code (BC) 11 USC 522 (d)(10)(b) states that VA Disability is exempt