Legal Question in Bankruptcy in California
Post petition mortgage interest accrue
On a first trust deed mortgage on a home that is being sold (with trustee permission) during the bankruptcy, is the creditor entitled and/or authorized to charge and receive interest accrued after the date of filing the petition (post-petition interest and no motion for relief filed)?
Asked on 5/24/99, 2:50 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Post petition mortgage interest accrue
Yes, unless it was not the debtor's principal residence and there is no equity in the property.
Answered on 5/28/99, 9:31 pm
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