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About Terry Leeders
Expertise
Handles Chapter 7 and Chapter 13 bankruptcy cases.
10 years of extensive bankruptcy experience. Filed over 3000 cases
Chicago Bankruptcy Lawyer website
"One On One Personal Service You Deserve"


Experience
I have been practicing bankruptcy law for 10 years. I have helped over 3000 consumer bankruptcy clients in that time.

Organizations
Chicago Bar Association Illinois Bar Association

Publications
author of Chicago Bankruptcy Blog
Chicago Chapter 13 Bankruptcy Blog
Illinois Bankruptcy Law Blog
Fresh Start Partners

Education/Credentials
University of Illinois Thomas M. Cooley Law School
Chicago Bankruptcy Lawyer website
 
   

You are here:  Experts > Business > Corporate Law > Bankruptcy Law > Selling your home after during a Ch 7 BK

Bankruptcy Law - Selling your home after during a Ch 7 BK


Expert: Terry Leeders - 7/10/2009

Question
My husband and I are currently waiting for our bankruptcy to discharge. We included our home in the bk and currently have it listed for sale. I was wondering if it made since to sell the house or just let the lender put it on the sheriff Sale list? We'll we have a bk and foreclosure on our credit report? Thank you...

Answer
You can sell it up until the foreclosure, if you do it while the case is open, you need to notify the court, and get approval to close.  IF it is after discharge, this wouldn't be needed.  IF the home forecloses, the debt is discharged, but the fact that it happened would show on your credit report.

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