Q: If you file for chapter 7 bankruptcy, during the process, can you purchase the note on the home that you bankrupted?
A: Yes, although it may bring serious inquiries from the Court as to where the money came from and how you were able to do so.
A: Yes, you could redeem the house. As the previous attorney mentioned, you would attract scrutiny if this was a large transaction and you'd need to make sure the source of money was legitimate, and outside of the reach of the trustee if you did not do the redemption.
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