HOUSE - YOUR HOUSE AND YOUR BANKRUPTCY
Chapter 7 - Refinancing and selling.
It is not necessary you get permission to refinance or sell your home from the Chapter 7 Trustee. However, prior to the actual closing of the sale or refinancing, you are required to provide the trustee a copy of the sales and closing documents. Depending on the circumstances, you may be required to turn over to the trustee any net proceeds of the sale exclusive of your exemptions. See the example of Selling Your Home above.
NOTE: Your attorney or any personnel in his office will not communicate with anyone other than you in the refinancing or sales process of your home. Please, do not ask the buyer, closing attorney or the sellers or buyer's agents to communicate or send documents to the attorney's office. We simply will not reply to any written communications nor will we return calls from any of those entities. All communications and documents concerning the sale or refinancing of your home will be handled exclusively with you by your attorney's office. Also, depending on the particular circumstances of the sale or refinance, the attorney may require an additional fee for dealing with the sale or refinancing. You are encouraged to consult with your attorney prior to entering into sales or refinancing agreements.
