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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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If I file for bankruptcy how long before I could qualify for

Customer Question

If I file for bankruptcy how long before I could qualify for a home or car loan?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.
Hello,

A good rule of thumb is two years after a Chapter 7 for a home mortgage, one year for a car loan. However this period may be shortened or lengthened by the person's history after the bankruptcy.