October 28th, 2007 by Questions
If I just got discharged from my bankruptcy, am I allowed to sell my house for a profit and buy a more expensive house which will increase my mortgage payments?
October 29, 2007 at 8:59 am, A licensed trustee said:
I want you to think about what you are asking – you just completed your bankruptcy and now you want to incur higher debt…
First, you are not likely to be approved for a new (higher) mortgage for a couple of years. Second, you should be concentrating on re-establishing your financial situation, not incurring new obligations.
I think perhaps you should go back and see your trustee again and discuss your financial plans.
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