http://ficoforums.myfico.com/t5/Bankruptcy/Reconsidering-Chapter-13-Bankruptcy/m-p/1561956#M9979 <p>You may have seen my previous posts if not here is my situation:</p><p> </p><p>I decided to file Chapter 7 in June 2012 after I recieved a 25k judgement on my car that was reposessed in 2011 (layed off so I couldn't make payments). My income drastically changed 45k to 90k so my lawyer changed my filing to Chapter 13. I have my 341 meeting September 10th but I am reconsidering going through with the plan. I think I will be able to pay off my debt in a year or two and don't want to be &quot;tied down&quot; for five years. Me and my wife have 4 children and would like to purchase a house in 3 years.</p><p> </p><p>My questions are:</p><p>If I decide to dismiss my bankruptcy will it show as &quot;dismissed&quot;?</p><p>Will it drastically change my FICO scores, negat. or posit.?</p><p>Will I be able to apply for a mortgage loan with it showing dismissed?</p><p> </p><p>This has been a roller coaster for me and my wife and the paymenst have not even started yet! :smileysad:</p> Tue, 28 Aug 2012 18:58:03 GMT atjohnson 2012-08-28T18:58:03Z http://ficoforums.myfico.com/t5/Bankruptcy/Reconsidering-Chapter-13-Bankruptcy/m-p/1561956#M9979 <p>You may have seen my previous posts if not here is my situation:</p><p> </p><p>I decided to file Chapter 7 in June 2012 after I recieved a 25k judgement on my car that was reposessed in 2011 (layed off so I couldn't make payments). My income drastically changed 45k to 90k so my lawyer changed my filing to Chapter 13. I have my 341 meeting September 10th but I am reconsidering going through with the plan. I think I will be able to pay off my debt in a year or two and don't want to be &quot;tied down&quot; for five years. Me and my wife have 4 children and would like to purchase a house in 3 years.</p><p> </p><p>My questions are:</p><p>If I decide to dismiss my bankruptcy will it show as &quot;dismissed&quot;?</p><p>Will it drastically change my FICO scores, negat. or posit.?</p><p>Will I be able to apply for a mortgage loan with it showing dismissed?</p><p> </p><p>This has been a roller coaster for me and my wife and the paymenst have not even started yet! :smileysad:</p> Tue, 28 Aug 2012 18:58:03 GMT http://ficoforums.myfico.com/t5/Bankruptcy/Reconsidering-Chapter-13-Bankruptcy/m-p/1561956#M9979 atjohnson 2012-08-28T18:58:03Z