Delinquency and bankruptcy is frowned upon and can lead to non-qualification or cancellation of the loan, and cause seizure of the pledged property.
>>>Additionally, you may require rent documents, divorce-related documents, bankruptcy declaration, foreclosure proofs, or down payment gift letters.
>>>Borrowers with a history of bankruptcy will have to come out of bankruptcy for a minimum period of two years and the loan will not be approved if the borrower is behind on income tax or in federal student loan tax.
>>>The courts also allow individuals to file for bankruptcy without a lawyer. Filing personal bankruptcy is beneficial only when you have a good understanding of bankruptcy laws and the legal jargons that govern the same.
>>>ix months of the bankruptcy filing.
>>>This is the most common form of bankruptcy preferred by individuals.
>>>