A bankruptcy loan most often means obtaining a loan after a bankruptcy case has been discharged. While the plentiful availability of post bankruptcy loans may be surprising, the more difficult task often comes when fitting one's budget in with the terms of the mortgage, credit card or auto loan offered. Loans to avoid bankruptcy or foreclosure work very well but they can be very hard to get unless the homeowner has 30% or more equity in the home or still has good credit. Some homeowners may be looking for a personal or unsecured loan to stop a bankruptcy. Unfortunately, unless their credit scores still remain very good these loans do not exist. When a loan cannot prevent a bankruptcy many other debt options may save the debtor from a bankruptcy filing. For debtors in an active Chapter 13 who have been current for the past year, refinance loans to pull out of the bankruptcy can pay off the creditors and sometimes lower payments as well.
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