What happens if you pay off a mortgage while in the process of a Chapter7?

My credit union loan docs state if I file bankruptcy they can foreclose on my condo. My mother wants to pay the loan off (her name is on docs too). What can happen if that’s done prior to me signing the bankruptcy papers? I’m worried about losing my home. Shall we just wait for them to demand payment? Their docs say that can demand payment in full or foreclose for default.

Asked on March 12, 2012 under Bankruptcy Law, Nevada


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.