unjaded Posted February 24, 2005 Report Share Posted February 24, 2005 I'm struggling over the letter I have to give my lender regarding my BK filing. Could you please give me feedback and let me know if this is what they normally want. I'm freaking out over this! Below is the main body of my letter so far. Is it OK? Do I need to add or omit anything?I filed Chapter 7 Bankruptcy in August 2003 for the following reasons:I was in the process of purchasing a home on contract when the original owner filed bankruptcy. This resulted in a loss of all monies paid to him and the need to immediately find new housing. At the same time, my husband lost his job and with the expenses of moving I found that I could no longer pay my obligations. I felt I had no other alternative.Since filing the bankruptcy I have established new credit in the form of an auto loan. I also began repaying my student loans. Both payments have been kept current. Link to comment Share on other sites More sharing options...
firstsource Posted February 24, 2005 Report Share Posted February 24, 2005 Great Letter, just add that your DH has a new job where he will never be fired because he is a key employee at that department. (well maybe don't say never, because that is a long time, say....has great job security)Also, indicate how long he was out of a job, as there may be a question of "he was laid off 1 month, and why did you file BK with just that limited amount of hardship." If you are working outside your home, mention that you have had your job for x number of years, and have good job security there. It should be a short letter that starts off making me cry and ends up with me being happy when I (the UW) read it. Things started off bad, got better, this is why it won't happen again. Charles Link to comment Share on other sites More sharing options...
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