Legal Question in Bankruptcy in Michigan

after bancruptcy

After your bankruptcy is finished and your debts are discharged, can you buy or own anything new. If we declare bankruptcy and 6 months later we want to buy a new car or a house, is this allowed. My husband thinks we can not have anything for 7 years.


Asked on 5/23/03, 3:12 pm

1 Answer from Attorneys
Timothy Trichler Timothy R. Trichler - Attorney and Counselor at Law

Re: after bancruptcy

Greetings; After your discharge you can purchase anything you can afford or take on any debt that any lender will grant you. You have a FRESH start in every way. This the whole point of filing bankruptcy. Kindly visit my web site; www.trichler.com for further information. Thanks, atty. trichler.

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Answered on 5/23/03, 3:42 pm


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