You can actually have a life after bankruptcy and normal rate home mortgages within 2 years after filing bankruptcy or three years after a foreclosure by simply paying your debts on time after you file bankruptcy.  HUD, FHA, Kentucky Housing Corporation and other Federal housing agencies have non discrimination guidelines that allow you to have a mortgage after bankruptcy at prime interest rates.   They will ignore your pre-bankruptcy credit record and only use your post bankruptcy payment history to decide on your loan.   Make an appointment and we will show you how.

You can also qualify for a mortgage one year after filing a Chapter 13 and have a life after bankruptcy under the same rules.  Of course you will still have to qualify based on other factors.  Mortgages are only granted if you make enough income and haven’t gone deeply into debt for other items.

To recover after filing bankruptcy:

  1. Remove negative information using our letters in our download section after filing bankruptcy and increase your FICO score or use Lexington Law to do it for you.
  2. Wait a sufficient amount of time before applying normally a year for a car and 2 years for a home mortgage, 3 years after a foreclosure.
  3. Pay bills on time religiously after filing.

Our bankruptcy and other manuals explain how to properly file a bankruptcy case in Kentucky.  However, if you have specific questions about Kentucky bankruptcy or divorce you have to ask your attorney for advise or see us as your lawyer.  We practice bankruptcy and divorce cases statewide in Kentucky and Indiana.