Refinancing during bankruptcy is possible but challenging. It involves meeting with a bankruptcy attorney, finding a creditor, creating a budget plan, filing a motion in bankruptcy court, and getting trustee approval. It can be used for home payments, cars, boats, and other assets. It is not always easy to refinance during bankruptcy, due to your […]
Short-term refinancing can prevent foreclosure and minimize losses for lenders. It may impact a borrower’s creditworthiness, but is less damaging than foreclosure. Lenders forgive the difference between the total transaction amount and what is owed, and debtors benefit from avoiding a bad credit rating. A short-term refinance is a tool that is sometimes used to […]
Refinancing during bankruptcy is possible by meeting with a bankruptcy attorney, researching lenders, creating a budget plan, and getting approval from a trustee. It can be used for homes, cars, boats, and other assets. It’s not always easy to refinance during bankruptcy, due to your already damaged credit, but the process isn’t impossible. By meeting […]
