One of the most frequent concerns my clients and people who come in for a consultation have is when, if ever, they’ll be able to buy a home after they file bankruptcy.
This questions always makes me smile a little, because that is a myth I am all too happy to smash. You can buy a home after you file bankruptcy.
True, it can be a few years before that can happen. Typically it is about three years. And, of course, that’s assuming that your income qualifies you for a home loan and you haven’t incurred significant debt since you filed bankruptcy.
Not being able to buy a home after you file bankruptcy is just some of the misinformation that you may run into when thinking about bankruptcy. The Internet and even well meaning friends and family, while great resources for many things, may not be your best source of information about this topic.
Bankruptcy can eliminate most consumer debts, often without any repayment, and give you the chance to start new. Most of our clients have fallen into financial hardship through no fault of their own, whether it’s from losing their job, divorce, or unforeseen medical problems. Despite feeling overwhelming shame when considering bankruptcy, they feel an incredible sense of relief once they file.
If you would like to get answers to all of your bankruptcy questions, we hope you’ll come in for a free, no-obligation consultation. You can schedule an appointment by calling 303.331.3403 or by using our online scheduling system.