Legal Question in Real Estate Law in California
what to say to a lean holder (2nd mortgage) to settle account for less than I owe, before bankruptcy
Asked on 5/14/17, 10:56 am
1 Answer from Attorneys
There's not much you can say, since the bankruptcy trustee will claw back anything you pay them on the grounds that it is a voidable preference, and they know it. So they have no motivation to talk settlement.
Answered on 5/15/17, 10:03 am
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