Legal Question in Bankruptcy in Louisiana
new loan while in chapter 13 bankruptcy
My husband and I puschased a house in 1998 and divorced in 2002 but, we never had a property settlement. He filed a quit claim with family court and now only my name appears on the deed. He of course is still on the mortgage note we also have a second mortgage on this house. I filed for chapter 13 bankruptcy in 2004. I would like make a new loan to combine both loans. My question is will I have get this approved by the court or just the trustee. I won't be creating new debt, it will be more or less consolidating two loans
1 Answer from Attorneys
Re: new loan while in chapter 13 bankruptcy
You definitely must seek court approval before refinancing. A motion with the loan documents attached must be filed and noticed for hearing.
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