Q: I recently sold my house. Can I use part of the money to pay off my Chapter 13 in a lump sum?
I've only made 3 payments on the bankruptcy so far, but I just put my house up for sale and it sold quickly because a family member bought it. I've read that it is difficult to payoff a bankruptcy early.
A:
I assume that you did not call your bankruptcy attorney before you sold the house or you don't have attorney and filed your bankruptcy pro se, because I cannot imagine that a bankruptcy attorney told you that you could sell your home without court approval.
If you have a lawyer, call him/her first thing Monday morning and let him/her know what you did to determine if the problem can be resolved. If you don't have an attorney, make an appointment with an experienced chapter 13 bankruptcy attorney as soon as possible.
You are correct in your belief that paying off a chapter 13 early is difficult, but you may have a much bigger problem on your hands. Act quickly.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
