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guer79

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If I file for bankruptcy how long will it take before i can buy a home

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Why file if you don't own a home?

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If you don't already own a home, why would you be filing for bankruptcy? Preventing foreclosure is one of the main reasons people take such a drastic step. That and discharging a judgment so large you could never hope to repay it are the only reasons to file for bankruptcy that make sense to me. 
I hope you're not considering it just so collections people will leave you alone--that's got to be the worst reason to ruin yourself financially. A few pages of charge-offs and collections on your report will do less damage than a bankruptcy, not to mention they fall off faster. Bankruptcy never really goes away; many credit applications will ask if you have EVER filed. You don't want to have to answer yes and you don't want to perjure yourself and answer no. 

Please think carefully about bankruptcy. It is far from a quick fix to your credit problems; it's just the beginning of your credit problems!

Reply by
lowkey2

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not true

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