Bankruptcy Va
question about chapter 7 bankruptcy?
if i file for chapter 7 bankruptcy will i still be able to keep my car?? Also how long after with perfect payments will i be able to get a loan for a house. I can get a VA loan too I dont know if that helps me at all?
If you have a loan on your car you can keep it by signing a reaffirmation agreement which simply says that you agree to continue to make your payments as agreed.
If on the other hand you do not have a loan your vehicle may be sold to raise funds to pay your creditors. The exception would be if this is your only means of transportation and you need it for work, then it can not be taken.
As far as a home loan goes you must wait 24-months after your BK is discharged and reestablish your credit before you can get approved.
Bankruptcy Attorney, Debt Consolidation in Richmond VA 23220
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