do you have to buy your house within a certain amount of time before you file bankruptcy?
in other words, let’s say you closed on your house 2 months ago and a major financial catastrophe happened and you had to file bankruptcy…. can they take your house away if you’ve only had it for a few months?
i know it matters where you are located because the laws are different in different states. i’m in texas.
we have not filed yet, but if we do it will be because we own a business and we might be going out of business.
Posted January 4th, 2010 in Bankruptcy Q And A. Tagged: bankruptcy, financial catastrophe, going out of business.
Yes, when you declare bankruptcy they can go after all your assets. There is an exception in a few states (Texas and maybe some others) where they cannot go after your primary residence in a bankruptcy, but thats the only exdeption I know of (but if you live in Texas you’re in luck – and maybe there are some other states this applies to, not sure).
January 4th, 2010 at 5:08 amof course. They normally wait 3 mo.
IF you have not filed BK, do not.
January 4th, 2010 at 5:08 amI can show you many ways of getting
the cash legally to bring your payments
up to date!
When you declare bankruptcy your house is gone regardless of how long ago you closed.
January 4th, 2010 at 5:08 amYES there are few RARE exceptions, but they have NOTHING to do with how long ago you closed on your house.