Legal Question in Bankruptcy in California

bankruptcy

Can a person lend a home owner who is in bankruptcy money to up grade thier home so they can put that house on the markt so they can sell it at a higher price.and at the same time the person who lent them the money to up grade the house is making the mortgage payment on that house untill the close of escrow. and then take all the money from the proceeds of the sale of that home and only give the owners 15,000 and they kept 149,0000 how they kept that amount was the home owner could not open a bank account because of the bankruptcy the person who lent them the money helped them open a account at his local branch the branchmanager of that bank was a boy hood friend so when the couple came to retrieve thier money he would not release the the funds even though it was a joint acount statint they owed his friend the 149.000 dollar profit even though that was not agreed upon with the bankrupycy court what can we due.


Asked on 2/24/07, 2:36 am

1 Answer from Attorneys

Amy Ghosh Law Offices of Amy Ghosh

Re: bankruptcy

Was it chapter 7 or 13? Anyhow, without the court's approval no such arrangment should have been done.

Read more
Answered on 2/27/07, 7:25 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in California