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You will need to obtain the consent of the Chapter 7 trustee before selling any property of the bankruptcy estate.

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15y ago

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Can you sell your home while in Chapter 13 and keep the profits to buy a replacement home?

Not without permission from the court.


Can you get a home loan while in a chapter thirteen?

Yes, but the Chapter 13 debt will have to be paid off as a condition of the loan.


Is it possible to get a home equity loan while paying chapter 13?

No you can not get a home equity line of credit but you can refinance and pay off the chapter 13 with the new mortgage.


Can you convert from a Chapter13 to a Chapter7 and keep your house if your payments are current?

If your home is "reaffirmed" within the chapter 13 and chapter 7. which is basically, you paying the lender within the bankrupcty transaction to contract with you in keeping your home and not losing it. please note: each time you "reaffirm" you are paying each transaction, i.e. chapter 13 (1x) converting to chapter 7 (2x). you can only convert any case ONLY one time. i.e. if your Lawyer errors and lets say begins as a chapter 7 then converts it to a 13, and it should have been a 7 to begin with, then you must request it to be "dismissed" and refile a NEW case. If that happens, get an entire NEW Attorney so this does not happen again. good luck.


If you convert from a chapter13 to a chapter7 can you keep your house if your payments are current?

If your home is "reaffirmed" within the chapter 13 and chapter 7. which is basically, you paying the lender within the bankrupcty transaction to contract with you in keeping your home and not losing it. please note: each time you "reaffirm" you are paying each transaction, i.e. chapter 13 (1x) converting to chapter 7 (2x). you can only convert any case ONLY one time. i.e. if your Lawyer errors and lets say begins as a chapter 7 then converts it to a 13, and it should have been a 7 to begin with, then you must request it to be "dismissed" and refile a NEW case. If that happens, get an entire NEW Attorney so this does not happen again. good luck.


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.


After Chapter 7 bankruptcy has been Discharge can buy a home?

After Chapter 7 bankruptcy has been Discharge can buy a home


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 keep home in bankruptcy?

In the State of Illinois, you can keep your home while filing a Chapter 7 if it is determined that you do not have an equity position in your home that exceeds the Illinois statutory exemptions and continue to be current on your monthly mortgage payments.


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