"It will stay on your credit file for 5 years. You will get to start over.
Go through a building society or credit union as they seem to be better to deal with in my experience.
We have bought 3 houses since Bankruptcy Part IX.
It can be done but…"
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Nikki_83's Discussions
Buying a house after bankrupcy
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My husband and I went bankrupt and are now discharged and we are trying our hardest to save for a house, we can only save approx $800 per month and we are renting at $1130 per month. We are…Continue
Tags: house, after, Bankruptcy??, a, buy
Started this discussion. Last reply by nikki Aug 8, 2010.
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Nikki_83 replied to Stuart's discussion Bankrupt or not to bankrupt??"Hi, I am unable to comment on the business side but my husband and I went bankrupt and are now discharged, when we went bankrupt (we were both 23 yrs old with approx $35,000 debt) a weight was lifted from our shoulders, both of us werent working, I…"
Nikki_83 posted a discussionBuying a house after bankrupcy
My husband and I went bankrupt and are now discharged and we are trying our hardest to save for a house, we can only save approx $800 per month and we are renting at $1130 per month. We are wondering if there is anyone else out there that has been in the same position with 2 people going bankrupt and applying for a home loan. We have had discussions with the bank and they have inticated that we may have a chance but we are a little scared if we save our hardest and they still knock us back. …See More
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Bankruptcy ben replied to Stephen's discussion How to Cancel a Part IX Debt Agreement"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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