Legal Question in Bankruptcy in California

Re: Bankruptcy

There are a lot of additional facts necessary to render an opinion as to this. If you have properly perfected first priority liens on the properties, there is a decent chance you will get repaid some of what you are owed. If you have subordinate liens on investment properties, you should be prepared that you may never recover any of what you loaned this person, assuming the first priority lender forecloses first and/or a number of other factors. It also greatly depends upon who the Debtor is and what chapter of bankruptcy he/she/it filed. You really need to review the specific facts related to this matter with a qualified bankruptcy attorney to determine with any degree of accuracy what may happen. You are welcome to call or email me off the board to discuss this further.

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