Legal Question in Bankruptcy in California
can a 1st trust deed on a property in bankruptcy be wipe out
Asked on 4/09/10, 5:36 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
If it's on your primary residence, no. If it's on other property that you own,the court could possibly be persuaded to lower the principal and/or interest payments. But you didn't give any information.
Answered on 4/14/10, 5:50 pm