Selling a house during bankruptcy
August 20th, 2005 by Questions
My husband and I had to declare bankruptcy. He has been discharged, and I am still in it. It was his first time being bankrupt and my second time. I would like to know what the laws are if we decide to sell our house during the time before I have been discharged. Can they only collect for the balance outstanding that I owe or can they try to collect on anything my husband has been discharged from? If the amount from the sale of our house is enough to pay the balance we owe, can we then keep any proceeds left over from the sale? Would this in any way change my credit history if the debts have been paid? Would it improve our chances of getting another mortgage?
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