I am with Denny, there is NO ambiguity, there is only inexperienced people out there who shouldn't be giving borrowers advise at all. At it's core the FHA 4155 Handbook is only a guide for an Underwriter, but it is very clear on several topics one of them being BKs. There are only two types of BKs for individuals, Chapter 7 and 13. Chapter 11 is generally for Corporations. As stated below by Denny to FHA, individuals who filed Chapter 7 BK have two possibilities, either 2 years waiting period or 1 years under EXTREME circumstances, like death in the immediately family, serious illness, etc. Chapter 13 is different, the court can give a person up to 36 months to pay back the debts established by the judge, but a individual can qualify for a home loan after just one year of on time payments or they of course can payoff the entire amount prior to the first year. So that my be where all the confusion lies. So getting back to your question, the answer is unless you had extreme circumstances that led to your BK, you can start the process, but we can't close your loan until that 24 month line in the sand. If you are that gung ho about starting the process just make sure you do your vetting for a Loan Officer during these months before August. Make sure you have all your ducks in row so you don't get any surprises. This is my recommendation.
Best of Luck!