Posted on: 05th Mar, 2011 03:13 pm
When you file for bankruptcy after refinancing a property and receiving money back (property that you will include when filing) does it affect you? Will the courts question the money received?
Welcome lola,
The court may question the money received and you may have to surrender the cash out money that you received from refinancing to the bankruptcy trustee.
The court may question the money received and you may have to surrender the cash out money that you received from refinancing to the bankruptcy trustee.