If my bankruptcy plan is accepted to keep my house from foreclosure can i then rent out my home
2007-08-12 13:09:13 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
HOW IS THAT FRAUD??????????
2007-08-12 13:50:35 · update #1
Yes you can...BUT...
Expect the proceeds to be attached by the bankruptcy court so that the funds go towards paying your creditors...
2007-08-12 13:58:22 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 1⤋
I'm thinking once you go bankrupt and its all said and done then yes you are in the clear to rent out your home. But i would talk about the issue with the lawyer that helped you file bankruptcy, he would know for sure.
And good luck.
2007-08-16 20:47:01 · answer #2 · answered by mark v 1 · 0⤊ 0⤋
call the lender and notice in the event that they'll conform to a short sale. purely ask a criminal expert the way it works, many do loose consults. Thats one way there is likewise categories of financial ruin's that would assist you save your place and push your debt up, so which you will get caught up. additionally some creditors will take your previous owed own loan money and pass them to the tip of your individual loan. Even the creditors will help, they don't choose yet another forclosed abode in they're inventory. Ask your community government for help they have classes for assisting human beings in hardship. Bankruptsy could be your final pass, there are a number of assets you're able to do yet ask for help from many components don't be embarrassed and procrastinate.
2016-10-15 02:49:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Even in bankruptcy, you can't keep the house unless you keep the mortgage. If you can afford to make the house payments and pay rent, you are NOT bankrupt. If you can't, you don't have a hose to rent.
2007-08-12 14:03:20 · answer #4 · answered by STEVEN F 7 · 0⤊ 1⤋
You are definitely able to make extra money after filing bankruptcy but it will all go towards paying off your bills. (faster which is better) I would ask a bankruptcy lawyer for details. Go to http://www.legalhelpers.com first consultation is always free.
2007-08-16 03:46:54 · answer #5 · answered by Amira 2 · 1⤊ 0⤋
Yes, it's mean this is your house and you can rent or remodel, just keep pay for it. They don't care what you do with your house, they care that pay and if you need to rent to help with a pmt is OK. Good Luck!
2007-08-17 03:26:26 · answer #6 · answered by reality 6 · 0⤊ 0⤋
Only if you are willing to commit fraud.
2007-08-12 13:34:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
sure it will help pay down the debt quicker!!! i
2007-08-18 09:21:41 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no
2007-08-12 13:31:01 · answer #9 · answered by Anonymous · 0⤊ 0⤋