Legal Question in Bankruptcy in Minnesota

Real Estate/Bankruptcy

I sold my house in a short sale now the bank wants me to repay the 60,000 shortfall. Should I file bankruptcy? I also have 25,000 in student loans


Asked on 2/09/09, 12:13 pm

3 Answers from Attorneys
Nathan Hansen Nathan M. Hansen, Attorney at Law

Re: Real Estate/Bankruptcy

The Student Loans are not dischargeable. The other debt you mention is dischargeable. E-mail me for a free consultation.

Nathan Hansen

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Answered on 2/09/09, 1:03 pm
Sam Calvert Calvert Law Office

Re: Real Estate/Bankruptcy

You should consult a bankruptcy attorney near you. You don't say where you are; my office is in St. Cloud, but it may be more convenient for you elsewhere.

Generally, "student loans" are not discharged in a bankruptcy, but a debt to a bank would be.

The reason to consult an attorney is that there are other facts, not shown in your question, that might make it a very bad idea to file bankruptcy (e.g., you are owner of your Mom's house).

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Answered on 2/09/09, 1:40 pm
David Kelly-952-544-6356 Kelly Law Office

Re: Real Estate/Bankruptcy

This short sale business has brought me business. You may not have much choice. I have posted a video on this subject at my youtube channel at http://www.youtube.com/freshstartdwi.

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Answered on 2/10/09, 12:45 pm


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