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Hutchinson, KS News

Hutchinson News
Local news for Hutchinson, KS continually updated from thousands of sources on the web.
  • Armenian Bar, Trayvon Details, Virginia, Mary Kennedy

    Underwear designer Andrew Christian has a potentially NSFW video to sell his wares, though I guarantee you'll be looking at more than just undies.

  • New Charges Against Hutchinson Homicide Suspect

    A judge on Tuesday granted a request by the Reno County district attorney to file a new charge of aggravated intimidation against Charles Christopher Logsdon.

  • New charges against Hutchinson homicide suspect

    HUTCHINSON, Kan. - Prosecutors have added another charge against a 32-year-old man accused of killing a Hutchinson woman in June 2011.

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  • Taft-signed bill raises pensions for US soldiers

    Inappropriate comments include those which: * are libelous or defamatory * are obscene, pornographic or sexually explicit; substituting characters for letters is not acceptable * degrade others on basis of race, gender, class, ethnicity, national origin, religion, sexual orientation, disability or other classification * are predatory, hateful or ... (more)

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Hutchinson Real Estate
Office: 800-339-8841
Cell: 800-339-8841
options after chapter 11 PDF Print E-mail

What options are there after Chapter 11?

A previous bankruptcy can remain in a credit file for seven to 10 years.
Depending on when the bankruptcy was discharged and what kind of credit a borrower has reestablished since then, it needn't be an obstacle to obtaining loan approval. The longer ago the discharge occurred, the better off a loan applicant will be.
Many lenders also will take into account the circumstances surrounding a bankruptcy. For example, they may look more favorably upon you as a borrower if your bankruptcy was due to financial reverses you suffered due to your employer's own financial difficulties.  On the other hand, if you declared bankruptcy because you overextended your personal credit lines and lived beyond your means, a lender probably won't be as forgiving.
If you are in the latter category, you may want to contact a mortgage broker who may qualify them for a "b" or "c ," loan, which usually comes at a higher interest rate.
Resources:
* "Rebuild Your Credit: Law Form Kit," Nolo Press, Berkeley, Calif.; 1993.


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Last Updated ( Tuesday, 29 July 2008 )
 
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