How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Roger Your Own Question
Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31729
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
Type Your Bankruptcy Law Question Here...
Roger is online now
A new question is answered every 9 seconds

when a ch 11 bk is filed under the name on title but the foreclosing

Resolved Question:

when a ch 11 bk is filed under the name on title but the foreclosing loan on the same property is in a different name, what effect does the bk have and any authority
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  Roger replied 5 years ago.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy litigation attorney here to assist you.

The only person responsible for the debt on the loan is the borrower. However, the person that owns the property can lose the property to foreclosure because of the lien.

However, the creditor would have to file a motion to lift the automatic stay with the bankruptcy court in order to proceed with the foreclosure.
Roger and other Bankruptcy Law Specialists are ready to help you