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St Louis Bankruptcy: Will I Be Able To Buy A House After I File For Bankruptcy?


Yes, you will. The filing of a St Louis bankruptcy will not prevent you from purchasing a home in the future. Although it makes sense to hold off on that kind of a purchase. The reason for why is explained below:

Filing a bankruptcy in St Louis will make your life a lot easier in a variety of ways. No more nasty phone calls from creditors and collection agencies. No more worrying about how to come up with the monthly payments (when you still have to put food on the table). No more staying up late at night wondering how you are going to make everything work.

For instance, a St Louis Chapter 7 will completely wipe out all of your unsecured debt (like credit cards, medical bills, payday loans, etc.). This will in turn cause your credit score to rise quite a bit. Most of the time, you can expect your score to jump by about a hundred points up within the first year after filing. And then certainly by years after filing bankruptcy, your score is back up to where you want it to be.


This means that within two years (or so), you would be in a great position to purchase real estate. Can you buy a house sooner than two years after filing a St Louis bankruptcy? Yes, you can. But the longer you wait, the more of a chance your credit score has to rise. And the higher your credit score, the better position you’ll be in to negotiate favorable rates.

But the best way to learn about your options (and to get solid legal advice) is to set up a consultation with an experienced St Louis bankruptcy lawyer!! He or she can explain to you how the process works, and describe in detail how your credit rating can (and will) improve over time.

The affordable St. Louis bankruptcy attorneys at The Bankruptcy Company have been saving and protecting people’s assets for years. Our goal is to make sure that you keep the assets and property you want, discharge the debts that you want to get rid of, and do it all at an affordable cost to you. All phone conversations and office consultations are free of charge.

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