Legal Question in Bankruptcy in Utah

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I unfortunately might have to claim bankruptcy. I have about 4500 in unsecured credit card debt. I have another 4000 in medical/other debt. I also have about 130,000 in debt from a house that I had to give up and let the company forclose on.

my question is can I claim the house since technically a house is not an unsecured debt or do I have to wait until they resell the house and claim whatever they want over what they sold the home for?


Asked on 5/26/03, 11:42 pm

2 Answers from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: ?

You can declare the house without waiting for the final foreclosure and deficiency.

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Answered on 5/26/03, 11:50 pm
Andrew Nichols Law Office of Andrew B. Nichols

Re: ?

You would list the debt on the house now. You would not need to wait to determine what the house sold for at foreclosure. There might also still be a chance to save the house from foreclosure depending on how much time remains before the actual foreclosure. I don't know if saving the house is an option for you but I thought I should at least mention this. I would be happy to speak with you in more detail about your situation. Just remember, everyone deserves at least one chance to start over fresh! I can be reached at (800) 303-0720

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Answered on 5/27/03, 9:26 am


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