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.
All major financial transactions including the purchase of sale of a home must be approved by the bankruptcy trustee before any action is taken.
All major financial transactions must be approved by the chapter 13 BK trustee.
With permission of the administatror. You agreed to involv then first before maiking ny financial changes
Your bankruptcy attorney, who has particular knowledge of your situation, can answer your question.
Are you referring to a Chapter 13 bankruptcy confirmation hearing?
The chapter 13 petitioner/participant must receive the approval of the bankruptcy trustee for all major financial transactions.
No
i wouldn't sell it but instead invest in it till it adds value
Your house is part of the bankruptcy estate and you will need permission from the court before selling it. You must also review the specific terms of your Chapter 13 plan to see what additional terms and conditions might apply.
I don't think anyone will be ready for that.So its better that you can take a way or option where you house will be save from foreclosure.Filing bankruptcy is the very right option for this.Once you file chapter 7 bankruptcy or chapter 13 bankruptcy bankruptcy law has a provision called stop foreclosure and it goes in to the effect immediately after you file the bankruptcy.This way you can save you house and other important stuff.
Yes. That is probably one of the times this would be the correct Chapter to use.
is it safe to file for voluntary dismissal of chapter 13 bankruptcy
Yes.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
If you wreck your car after filing for Chapter 13 bankruptcy you can file it on your insurance. You can then replace your car based on the bankruptcy order.
You can get a Chapter 13 bankruptcy dismissal by asking your lawyer to ask the trustee for a dismissal. If you are having trouble making the payments, you can ask for you bankruptcy to be modified.