I have a client with a Bankruptcy record of four years, how long is the waiting period before you ca
bankruptcy again?
Answers (1)
FIRST ANSWER
It depends if the bankruptcy was dismissed or discharged and what type of bankruptcy. For all chapters except a chapter 13 the time frame is 4 years from either the discharge or dismissal date of bankruptcy. On chapter 13 bankruptcies it is 2 years from the discharged date and 4 years from the dismissal date. These time frames are from a announcement from fnma dated June 25, 2008.
Web Reference: http://www.keithmanson.firstweber.com
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