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Will I ever be able to by a home again if I file for bankruptcy in Michigan?

A lot of people come in to the office and say, “Gee, my mom and dad told me that if I did a straight bankruptcy, I’d never be able to buy a home again.” Well that isn’t true. There are thousands and thousands of FHA and VA assumable loans. You will have to save up a little bit of cash, but you can buy property again almost immediately.