Episode Summary:
In this episode of All About Bankruptcy, Attorney Luke Homen explains what life looks like after filing bankruptcy. He breaks down how soon Oklahomans can get approved for car loans, mortgages, and credit cards, and why lenders often view bankruptcy clients as lower-risk borrowers. Luke also shares insight on rebuilding credit scores, the differences between Chapter 7 and Chapter 13 when it comes to new loans, and how to move forward with financial confidence.

Key Timestamps:

00:00 – Introduction to life after bankruptcy
01:00 – Why filing bankruptcy can improve loan eligibility
02:10 – How bankruptcy affects your credit report
03:00 – Rebuilding your credit score with the “7 Steps to 720” program
04:00 – What lenders look for after bankruptcy
05:00 – Importance of on-time payments in rebuilding credit
06:00 – Differences between Chapter 7 and Chapter 13 loan approvals
07:00 – How soon clients qualify for mortgage loans again
08:00 – Real client stories: getting a new car loan days after filing
09:00 – Luke’s advice for anyone worried about loans after bankruptcy

About the Show:
All About Bankruptcy helps Oklahomans take control of their financial future. Each episode, Attorney Luke Homen shares practical guidance on debt relief, bankruptcy law, and rebuilding credit with confidence and clarity.