Posted on: 21st Dec, 2009 02:48 pm
if my chapter 13 case is dismissed do I lose my home? Do I move out the
same day.
same day.
please reply
If Chapter 13 Case is not completed, then you will not loose your home. They must have to complete this process to get house from you.
Thanks.
Thanks.
Hi sissy,
Once your Chapter 13 is dismissed, the automatic stay will be lifted by the court and the lenders/creditors will be able to sue you for the dues. Your lender will send you a pre-foreclosure notice and start the foreclosure procedure. Once the property is sold off at a sale, you will have to vacate the property. However, you can always refile Chapter 13 once it is dismissed. Contact your bankruptcy attorney and he will help you in refiling it.
Thanks
Once your Chapter 13 is dismissed, the automatic stay will be lifted by the court and the lenders/creditors will be able to sue you for the dues. Your lender will send you a pre-foreclosure notice and start the foreclosure procedure. Once the property is sold off at a sale, you will have to vacate the property. However, you can always refile Chapter 13 once it is dismissed. Contact your bankruptcy attorney and he will help you in refiling it.
Thanks