Legal Question in Bankruptcy in California

filing bk on my home am i still responsable for the home ,and will my name be taken off the deed


Asked on 11/26/10, 10:12 am

1 Answer from Attorneys

Asaph Abrams Law Office of Asaph Abrams

Objection! Vague and ambiguous. But here are some likely relevant issues:

One doesn't file bankruptcy "on" something. A bankruptcy-filing incorporates and addresses all liabilities and their dischargeability. If you're in foreclosure, then ultimately your home can be sold and you will no longer own the property. One of the issues to keep in mind is that even if your property gets sold thruogh foreclosure, you're liable for HOA fees that are incurred post-petition or after the bankruptcy filing date.

Belabored cocktail-party-conversation-as-legal-advice-clich� disclaimer: this answer as well as any information found on our Web site is not legal advice. This is strictly my opinion provided for general informational purposes and pertains to California law only; its reading does not create an attorney-client relationship. If the question was previously answered, then this answer had been scripted before other answers were posted, but got published after other answers were posted; this answer does not serve to endorse other answers. Unilateral communications may be misconstrued as they do not address all facets, nuances, and particulars, or all means of addressing a situation. We recommend you seek legal and other professional counsel before acting or refraining from action in relation to bankruptcy. It's worth the cost.

Read more
Answered on 12/01/10, 10:28 am


Related Questions & Answers

More Bankruptcy Law questions and answers in California