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It is a general conception that getting a refinance loan after filing a bankruptcy is quite hard. But you can avail a property loan supplied you spend the interest at a slightly greater rate. Typically, lenders do not prefer taking the threat of providing mortgages to somebody who has filed bankruptcy. But there are the subprime lenders who can offer you you loans at greater interest rates, occasionally even following six months of finalizing your bankruptcy.

Filing a bankruptcy case affects your credit status as it reflects your inability to spend 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 ten years. But this does not mean that you wont be acquiring credit the only thing is that you wont qualify for a reasonable rate.

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