Cookeville, TN asked in Bankruptcy for Tennessee

Q: Can judgements paid in full recently be included in Ch. 7? How long after selling house can file Ch. 7?

Live in TN. Already paid lawyers fees, taken 1st class, and filled out all paperwork but closing on sale of house with ex husband in 2 days so couldn't file ch.7 with court last week when I met with lawyer.

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2 Lawyer Answers
Anthony M. Avery
Anthony M. Avery
  • Knoxville, TN
  • Licensed in Tennessee

A: You cannot be filing Bankruptcy while you are selling real property. The Trustee will intervene and remove you from the equation quickly, and you will receive little or no money. And if judgments are paid, then they are no longer a debt, obviously not eligible for Bankruptcy. You need to hire a competent lawyer now to counsel you on what to do next because you have no idea. It sounds like you plan or have started BR already, which is not going to work out. Stop it immediately before it is filed, and get your money back from the lawyers.

Timothy Denison
Timothy Denison
  • Bankruptcy Lawyer
  • Louisville, KY

A: Hire a competent bankruptcy attorney to assess your financial situation and make the right decisions.

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