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Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys

Get The Fresh Start You Deserve

Levitt & Slafkes, P.C. - Essex County Bankruptcy Attorneys
GET THE FRESH START YOU DESERVE

Bankruptcy &
Debt Relief For
Individuals and
Businesses

Chapters 7, 11
and 13

FIND OUT MORE

Foreclosure
Defense &
Mortgage
Litigation

Saving Homes
Fighting Banks

FIND OUT MORE

Loan
Modifications

Preventing
Foreclosure

FIND OUT MORE

Commercial and 
Bankruptcy
Litigation

State Federal &
Bankruptcy Court

FIND OUT MORE

Bankruptcy & Debt Relief For
Individuals and Businesses

Chapters 7, 11 and 13

Find Out
More

Foreclosure Defense &
Mortgage Litigation

Saving Homes Fighting Banks

Find Out
More

Loan Modifications

Preventing Foreclosure

Find Out
More

Commercial and Bankruptcy
Litigation

State Federal &
Bankruptcy Court

Find Out
More

Buying Property After Bankruptcy

If you are considering filing bankruptcy, you may wonder, “Can I buy property after bankruptcy?” The answer is yes, you can. You may be able to buy a house in as little as two years, depending on how well you maintain your finances and rebuild your credit score.

These Steps Can Help You Buy A House After You File:

1. Rebuild Your Credit

The first thing you must do to qualify for a mortgage after bankruptcy is to rebuild your credit. You can do this in a variety of ways, including:

  • Taking out an installment loan, such as a car loan
  • Getting a credit card with a very low credit limit and paying it off every month
  • Paying all of your current bills, such as utilities and rent, on time, every month

Creditors want to see that you are able to keep up with your bills, now that you have eliminated your debt. Your credit score will go up as you prove you can be responsible for your finances.

2. Save Money And Get A Good Job

This may sound easier than it is, but having a stable income and a large down payment goes a long way toward convincing a lender to give you a mortgage. The less risk they have to take, the more willing they may be to accept you as a customer.

3. Ensure Your Credit Report Is Clear

Your credit report should not show any balance for debt that was discharged in your bankruptcy. You are no longer responsible for that debt, and it should not show up on your credit report regardless of whether the creditor received any payment. If it does, we can help you dispute these mistakes and ensure your credit report is correct.

We Can Help You Move On With Your Life. Contact Us Today.

The experienced attorneys at Levitt & Slafkes, P.C., can answer your questions about how bankruptcy will affect your life. Contact us to schedule a free initial consultation with one of our lawyers. You can reach us by filling out our online form or by calling our attorneys at 973-323-2953. We represent families and individuals in Essex County and throughout New Jersey.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.