Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
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Did your fiancé file a chapter 7 or a chapter 13 bankruptcy?
If your fiancée short sells the house, the $15,000 deficit would be considered an unsecured debt that would need to be paid through the chapter 13 plan.
Court permission would be required to sell the house
I would be glad to respond to any related follow-up questions that you may have.
I'm sorry I didn't get the original answer.
Does this make sense to you?
I can't scroll up on our chat to find the answer. Is the information saved somewhere on the site?
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And how would it work with being required to pay the deficit? Would our payments go up or be extended longer than the 5 year period to pay the extra debt?