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About Robert Vitt
Expertise
I am able to answer general questions regarding Chapter 7 and Chapter 13 bankruptcy cases. I have particular experience in personal (i.e., non-business) bankruptcies. I am unable to answer any questions pertaining to Chapter 11 bankruptcies.

Experience
www.bankruptcy-ie.com I am admitted to practice in the Central District of California and currently run my own law firm which specializes in bankruptcy.

Organizations
San Bernardino County Bar Association, California State Bar

Education/Credentials
Bachelor of Arts, Philosophy Master of Business Administration Juris Doctor Master of Arts, Philosophy

Past/Present Clients
I have had a variety of clients throughout my career. However, my immediate past clients have been predominantly individuals filing for debt discharge under Chapter 7.

 
   

You are here:  Experts > Business > Corporate Law > Bankruptcy Law > Chapter 7 surrender my home

Bankruptcy Law - Chapter 7 surrender my home


Expert: Robert Vitt - 6/29/2009

Question
Thank you for taking the time to answer my question.  I will be filing chapter 7 bankruptcy in Michigan.  My home has a negative equity and will be surrendered in bankruptcy proceeding.  When will I be required to move from the house after filing chapter 7?  Thank you for your help.

Answer
Richard,

After you file for Chapter 7 an automatic stay will take effect.  The mortgage company will have to file a motion for relief from stay first in order to foreclose and evict you. To some extent your answer will depend upon the lender.

I hope this helps, you may contact a bankruptcy attorney in your area to see if he or she is familiar with your lender, they may give you an idea.  

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