Can I sell my house during Chp 13 Bankruptcy?

In Chapter 13 bankruptcy, the debtor usually creates a repayment plan to pay off their debts over a period of three to five years. The plan must be approved by the bankruptcy court and generally requires the debtor to use their income to make regular payments to a trustee, who then distributes the payments to creditors.

If you are in Chapter 13 bankruptcy and you want to sell your house, you will likely need to get the approval of the bankruptcy court and the trustee overseeing your case. The proceeds from the sale will be used to pay off your creditors, and any remaining funds may be used to pay down your outstanding debts or be returned to you.

It’s important to note that selling a house in Chapter 13 bankruptcy can be a complex process and may require the assistance of a bankruptcy attorney. Additionally, the sale may affect your repayment plan and could result in modifications to your plan, which would require court approval.

Overall, selling a house in Chapter 13 bankruptcy is possible, but it is important to follow the proper procedures and seek the guidance of a bankruptcy attorney to ensure that the sale is carried out correctly and does not negatively impact your bankruptcy case.
– Chris Barzin

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