Legal Question in Insurance Law in New York
We are homeowners who are presently in a chapter 13 bankruptcy plan.
Recently our home sustained damage from a vehicular accident - our mortgage holder
advises us that they will not release the homeowners insurance proceeds to the contractors for the required repairs because our mortgage is delinquent.
This will leave these contractors unpaid - do we have any recourse to this ?
Thank you.
Asked on 8/31/09, 1:17 pm
1 Answer from Attorneys
Locksley Wade
Law Office of Locksley O. Wade
You may want to contact the bankruptcy trustee directly if you do not have an attorney.
Answered on 9/07/09, 3:54 pm
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