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I filed bankruptcy, but lost my job and became unable to pay the amount owed to bankruptcy trustee. How do I get the house out of bankruptcy?
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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Very difficult to answer your question without knowing all the relevant facts. First and foremost is which Chapter did you file? And what do you mean by getting your house "out of bankruptcy"?
Assuming you filed a Chapter 13 case, you can dismiss your case at any time as long as you haven't committed fraud or done something in bad faith during your case. Dismissing the case will remove all assets from the bankruptcy, but of course you also lose the protection of the automatic stay. There's no way I can tell whether dismissal would be your best option or not. There's a lot to consider.
I highly recommend that you have a consultation with an experienced bankruptcy attorney in your area since there are lots of potential issues here whichever way you decide to go, and this is not the forum to be providing legal advice without knowing all the facts.
Mark Markus has been practicing exclusively bankruptcy law in California since 1991. He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization, AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.
Answered on Jan 10th, 2013 at 12:37 AM