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Archive for August, 2007

chapter 7 filing and my house

Question: Hey, wondering if anyone out there knows this……after I file for bankruptcy and it gets discharged, when will I HAVE to move out of my house that was included in the filing and discharge? Does the bank send you an eviction notice? How long do they give you to be out? Thanks

Answer: If you are surrendering your house as part of your bankruptcy, the bank will normally give you a commercial reasonable time to vacate the house. Our advice is to assume you will be required to leave quickly, and to find a place to rent as soon as possible.