After Chapter 7 Discharge Can I Sell My House

Different types of bankruptcy filings such as chapter 7 and chapter 13 impose different time frames during which a debtor can sell his house. Otherwise the trustee can sell your house and pay your creditors. You can sell your house after your bankruptcy discharge.

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And there are more questions that crop up once the bankruptcy is closed and the discharge is received.

After chapter 7 discharge can i sell my house. If the asset is still in the estate and you must under california code reinvest the homestead exempt profit within 6 months in order to keep the exempt homestead amount safe. If you can t afford to pay your bills bankruptcy can help you discharge your debts and start over. The court acting through a bankruptcy trustee decides whether you can. If the trustee has abandoned your house as an asset of the bankruptcy estate or you have received a discharge then you can sell the house.

However selling your home after bankruptcy may be problematic if you plan to by a new one. As soon as you file for chapter 7 bankruptcy you lose control over your assets. It s possible to sell a home within 30 days after filing bankruptcy but it may take three to six months. Consult an attorney as to the specific facts of your case.

However you must re invest the proceeds in another home within six months. As soon as the bankruptcy case is closed you can sell any of the assets you still own including your home. These time frames also vary from state to state. One common post bankruptcy question is can i sell my house and keep the equity once my bankruptcy is completed once the bankruptcy case is closed the petitioner can sell any remaining assets they still own including their home.

How to sell a home after filing chapter 7.