Large Equity Increase in Home During Bankrupcy – is this at risk
June 17th, 2005 by Questions
When I declared bankruptcy. The equity in the house was about $25,000 and the trustee figured that once the house was sold an all fees were paid, it was not worth selling off as an asset.
Two things are happening. Im paying down two mortgages, and the housing prices in our area have skyrocketed, so by the end of the bankruptcy, I will have about $70,000 equity in the property.
Can the trustee and creditor come along at (or just before) the discharge hearing (this is my second bankruptcy) and say the house must be sold.