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How can you sell your house in a short sale and still file bankruptcy?
Wiki User
∙ 11y ago
Bankruptcy is simply having debt beyond what you can pay. A short sale would have nothing to do with it. When you sell short, you leave the deal with nothing. No profit, no cash from the sale. Also, a lender would not even approve the short sale unless they are satisfied that you are 'upside down' each month and have no savings or other assets with which to pay the mortgage.
Wiki User
∙ 11y ago
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If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?
You have to, it is a debt...it is just a secured debt...by the lien on the property.
Can your file for bankruptcy and still buy a house?
i am not 100% about being able to buy a house, but you CAN keep your house if you already own 1,but you do have to pay any equity in the house to your liquidator.
If someone is being sued for back rent and breaking their lease can they still file for bankruptcy?
Anybody can file for bankruptcy.
Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
Can a mother and daughter file bankruptcy jointly?
the answer is yes, Yes mother and daughter can file bankruptcy jointly and also you and your husband will file bankruptcy jointly is still accepted as long as its not same sex marriage.
Can i still file bankruptcy if my home is schduled for sheriff's sale?
It depends somewhat on your state law regarding foreclosure sale, but as a rule, you can save your house from being auctioned by filing bankruptcy. Whether you can keep the house depends on a lot of other considerations. Consult a local bankruptcy lawyer.
If some one is suing you can you still file bankruptcy?
Yes
If you have a personal bank loan can you still file for bankruptcy?
Of course.
You owe your sister money can you file bankruptcy on that loan?
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
What happens to the person who needs to file bankruptcy before discharged from previous bankruptcy?
The short answer is to get the case dismissed so it can be refiled.
Can I file for Bankruptcy after a short sale of your home?
What does selling my home have to do with your filing bankruptcy? If it was your home you sold short, assuming an arm's-length sale to a 3d party with no fraud or deception, you should not have a problem with filing bankruptcy.
Can you file for bankruptcy at any time?
The short answer is no. There are legal restrictions regarding when and how often you can file bankruptcy, as well as the type of bankruptcy (if any) you are eligible to file. You will likely need to be able to pay any court and legal fees involved, as well, so proceed with caution.
