Short Sales and Bankruptcy
A San Jose Bankruptcy Attorney on Short Sales and Bankruptcy...
Debtors in San Jose who are considering filing chapter 7 and walking away from their home may want to know whether or not a short sale is a good idea? Put simply, no. More accurately, it’s unnecessary.
There’s no point to going through the short sale process if a debtor is walking away from their home and filing chapter 7. The chapter 7 eliminates any and all liability of the debtor with respect to the home. Moreover, court approval will most likely be necessary to complete the short sale while in bankruptcy. Many attorneys probably wouldn’t consider this part of the bankruptcy process and will charge a debtor an extra fee to accomplish this unnecessary task. Thus, before a debtor begins the short sale process they should consult their bankruptcy attorney.
If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
