Posted on: 26th Oct, 2009 07:50 pm
will chapter 13 stop a short sale if a offer has been made to the bank?
Hi Guest,
Once you file bankruptcy, the court will issue an automatic stay and your creditors will not be able to sue you for your debts. Thus, the short sale would be stopped. Chapter 13 bankruptcy is all about reorganizing your debts. Your lender will give you a repayment plan to pay off the dues. This will in turn help you save the property.
Thanks
Once you file bankruptcy, the court will issue an automatic stay and your creditors will not be able to sue you for your debts. Thus, the short sale would be stopped. Chapter 13 bankruptcy is all about reorganizing your debts. Your lender will give you a repayment plan to pay off the dues. This will in turn help you save the property.
Thanks
hi
Regards
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Regards
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defining a short sale provides no benefit whatsoever to the guest who asked about the effect of a chapter 13 filing on a short sale.
umar, if you are going to contribute to the forum, please ensure that what you have to say will provide a least an iota of benefit to someone.
umar, if you are going to contribute to the forum, please ensure that what you have to say will provide a least an iota of benefit to someone.
