Can you sell a house that is in Chapter 13 bankruptcy?

Answer 1

Yes, you can buy a house while in a chapter 13, you can buy anything you want but You need the courts permision. The most difficult part is finding a lender who understands that you can not add post filing credit to your bankruptcy. Most creditors believe that you can and won't give you the time of day let alone credit.Yes.However, there are programs available for you that do not require your CH.13 Bk to be discharged. Most of them only require you to have 24 months since bk filing date and a good payment history on your bk and any other reestablished credit.All major financial transactions entered into by chapter 13 participants must be approved by the trustee in charge of the bankruptcy.

Answer 2

New mortgage, new debt? Well, real tough - not impossible. Especially with the concerns over subprime lending in todays market (which you by being in BK more than likely would be under most any view). You would have to expect that you would pay a very high interest rate, likely making it something even people with stronger finacials wouldn't consider.

Make sure you discuss anything your doing with the BK trustee. Entering into a refinance or any financial contract without his explicit approval will end BK protection, and is sometimes prosecuted as fraud. Certianly, if it means you would have less disposable income to use toward your outstanding debt, he would have rightful objections.

Answer 3

All major financial transactions including the purchase of sale of a home must be approved by the bankruptcy trustee before any action is taken.

Answer 4

All major financial transactions must be approved by the chapter 13 BK trustee.

Answer 5

With permission of the administatror. You agreed to involv then first before maiking ny financial changes

Answer 6

Your bankruptcy attorney, who has particular knowledge of your situation, can answer your question.