How do I fill out bankruptcy paperwork for a home that hasalready been sold through foreclosure?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
How do I fill out bankruptcy paperwork for a home that hasalready been sold through foreclosure?
I’m self filing Chapter 7 bankrupcy. How to I list an already foreclosed home (and sold). I don’t know if I should list it on Schedule A, since I no longer own it. What would be the proper way to list it? I still owe the $2,000 and they already took and sold the house?
Asked on July 24, 2011 Illinois
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If there is no specific are on the paperwork that you are filling out for your Chapter 7 application and eventual filing about the home you lost title to in foreclosure, but owe $2,000 on still, there are portions in the form listing creditors.
List the name of the lending institution, its mailing address and the amount owed and the reason for such, i.e., "foreclosed home obligation".
In a bankruptcy filing you need to disclose all obligations and creditors if you hope to get a discharge of your obligations for notice requirements in your Chapter 7 proceeding. It is best to overly disclose in a bankruptcy filing than under disclose. The bankrupcy court may provide a hotline to further assist you in your bankruptcy questions.
Good luck.
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.