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In most cases you can, I had this same issue filing a chapter 7 and someone wants to purchase my home, I contacted my bankruptcy attorney and he said as long as there is not a lot of equity like $4000 or less than it is ok, but the trustee will be notified. I would advise anyone to wait if you have a large amount of equity.
Wiki User
∙ 18y ago
Wiki User
∙ 17y agoYes you can or they will sell it for you * All major financial transactions must be approved by the bankruptcy court. Contact the trustee of the chapter 13 before taking any action, failing to do so can result in penalties and dismissal (with or without prejudice) of the bankruptcy. A chapter 13 is a "debt repayment" action, the BK trustee will not take over nor handle issues concerning real property belonging to the debtor.
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What are the difference between Chapter 7 vs Chapter 11?
Chapter 7 bankruptcy is a liquidation process where assets are sold to repay creditors, usually resulting in the discharge of most debts for individuals or businesses. Chapter 11 bankruptcy is a reorganization process that allows businesses to continue operating while developing a plan to repay creditors over time. Chapter 7 is typically more straightforward and faster, while Chapter 11 is more complex and costly but allows for more flexibility in restructuring debts.
Can you sell my home while in a chapter 13 bankrupcty and keep the profits?
You will need to obtain the consent of the Chapter 7 trustee before selling any property of the bankruptcy estate.
How to Sell house before chapter 7 discharge?
If you are in a chapter 7, you cannot sell any property without permission from the court and the knowledge of the trustee. Get a lawyer if you do not have one.
After Chapter 7 bankruptcy has been Discharge can buy a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
Can attorney put a lien on Chapter 7 home?
It depends what the court will allow in the processing of a Chapter 7.
After chapter 7 can i sell my life insurance policy?
If you filed chapter 7 then you have a lawer. Call and ask him. I would think you should be able to.
Which bankruptcy is for a home?
You can file either Chapter 7 or Chapter 13 as a homeowner. If you are trying to save the home from foreclosure, then Chapter 13 would be the proper chapter.
Can you rent out your home after filing chapter 7?
Sure.
Can you lease your home after chapter 7 bankruptcy?
Yes
Can you refiance you home during a Chapter 7 bankruptcy?
Legally, yes. In reality no. And you won't be able to do any credit thigs for a long while.
Can you include your home filing chapter 7?
by law you must
Can you file chapter 7 in Florida and keep your home and property?
No
