Applying For Chapter 13 Bankruptcy Loans

While a case is pending in Chapter 13, new credit and debts may be included within the plan as if existing when filing bankruptcy for the first time. Because of the potential for discharge, almost all lenders refuse to fund Chapter 13 bankruptcy loans so long as the file remains open. Yet after the close of Chapter 13 bankruptcy, loans for mortgages and other secured transactions are widely available without limitation on time elapsed, amount requested, or court approval.