Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

Buying or renting a home after Chapter 13

Tennessee residents who file for Chapter 13 bankruptcy may know that doing so will impact their credit for a significant period of time. This type of protection from creditors is available to anyone with unsecured debts of $394,725 and secured debts of less than $1,184,200. While it may be more difficult to rent or buy a home after a bankruptcy, it is still possible to do so.

Those who are looking to rent an apartment may want to put their bankruptcy in context for prospective landlords. This may make the landlord feel better about approving a rental application, and renters may ask current landlords or others to write letters of recommendation on their behalf. Debtors who have filed for Chapter 13 bankruptcy may be able to purchase a home 12 months after filing if they use an FHA loan.

Potential buyers must show that they have performed well through their plan for at least one year. It may also be necessary to show that the potential buyer has approval from the bankruptcy court. Those who are unsure as to whether they can buy or rent after filing for bankruptcy should focus on getting whatever home that they may be approved for. After that, they can spend the next year rebuilding their reputation among landlords or lenders.

Individuals who are planning on filing for Chapter 13 bankruptcy may want to talk to an attorney or financial adviser before doing so. This filing may reduce a person's credit score, which could make it harder to buy a house or other items. An attorney might be able to help an individual convince a court to approve an application to buy a home during the repayment period.

No Comments

Leave a comment
Comment Information

We Look At Your Case From Every Angle To Find The Solution That Is Right For You

Bankruptcy help for everyone, from the most simple to the most complex cases.

Call Us Now To Schedule A Free Initial Consultation

Contact our Nashville office at 615-686-2279 or our Cookeville office at 931-400-2218. You can also reach us via email to set up a time to talk to us about your debts.

Get Legal Help Now

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map

Back To Top