QUESTION
We filed for bankrupcty in 1999, can we ''walk away'' from our property (mobile home) since it was included?
Asked on Jan 03rd, 2012 on Bankruptcy - South Dakota
More details to this question:
we are thinking of moving. I asked our bank that we have our house loan to about how we can start selling our house. the person i spoke with looked at our file and said that we can walk away since we filed for bankruptcy. I want to make sure this is true??
1 ANSWER
Bankruptcy Attorney serving Burbank, CA
Partner at
Law Office of Mark J. Markus
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Yes. As long as you did not reaffirm the debt owed to your mobile home's secured creditor, or refinance after your bankruptcy case was filed, then you have no further obligation on that debt and they are limited to recovery from their collateral (i.e., your mobile home).
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
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Answered on Jan 04th, 2012 at 12:27 AM