do i still have to keep on a house i lost in bankruptcy?
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do i still have to keep on a house i lost in bankruptcy?
if i went brankrupt and lost my house. by law do i still have to do maintenence on the property? such as mow the grass and pick up trash?
Asked on June 17, 2009 under Bankruptcy Law, Ohio
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
I don't know what you mean by "lost"? Sometimes you can remain in the home for a certain period. Are you currently in the property or not? Anyway, I see no reason why you would be required to maintain a lost asset. It would be up to the trustee to see that the asset does not suffer neglect, not you. If, however, you are still in your home for a time, while you have no duty to maintain it you certainly would have to perform necessary repairs (ie fixing a burst water pipe) and you could not cause damage or otherwise take actions that would result in the asset appreciably decreasing in value.
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