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It is a common conception that acquiring a refinance loan immediately after filing a bankruptcy is very hard. But you can avail a property loan supplied you pay the interest at a slightly greater rate. Usually, lenders do not choose taking the risk of offering mortgages to someone who has filed bankruptcy. But there are the subprime lenders who can supply you loans at greater interest rates, often even after six months of finalizing your bankruptcy.

Filing a bankruptcy case impacts your credit status as it reflects your inability to pay down your debts. A Chapter 7 Bankruptcy stays in your credit report for at least 7 years whereas Chapter 13 Bankruptcy is featured in the report for 10 years. But this does not mean that you wont be finding credit the only thing is that you wont qualify for a reasonable rate.

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