Limitations on Getting Credit During Bankruptcy. Unique Circumstances That Will Provide For Credit

Limitations on Getting Credit During Bankruptcy. Unique Circumstances That Will Provide For Credit

Getting credit during bankruptcy could be challenging. You can apply for credit as soon as the debt is discharged if you file for a Chapter 7 bankruptcy. With Chapter 13 bankruptcy, you need to get previous approval from the court or Chapter 13 trustee. Also, your plan re payment should be present during the right period of the demand.

You should consult an experienced Cleveland bankruptcy attorney at Luftman, Heck & Associates if you would like to get new credit during your Chapter 7 or 13 bankruptcy case. We are going to explain your circumstances for your requirements which help you recognize credit that is obtaining bankruptcy.

Contact us today for the consultation that is free.

Once you’ve filed for bankruptcy, you’re not typically permitted to get authorized for credit unless your position involves a circumstance that is special. A few unique circumstances where the court may enable you to get new credit during bankruptcy consist of:

  • Healthcare Expenses – although you might not start thinking about medical costs as an incurring debt, they’ve been a kind of debt. Whenever you search for a medical expert for services and be given a bill at another time, the Bankruptcy Code considers this brand new credit.