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Submitted 493 days ago...

Chislev719

Chislev719

New User (1)

Bankruptcy

I live in new mexico and I filed chapter 13 bankruptcy. My question is can they reposses my land and house for missing one payment that I did eventually pay later

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Answer 1 / 2 - Submitted 493 days ago...

jim5456

jim5456

Brain (2,799)

Talk with the bankruptcy attorney he should have explained what you could keep and your rights you need to do this as soon as possible

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Answer 2 / 2 - Submitted 17 days ago...

secretagent

secretagent

Professor (1,805)

Anytime you are out of compliance with your payment agreement, whether it's decided by your bankruptcy ruling or your original contract, you may have the property repossessed. However, most creditors are not looking to take possessions, as there is a considerable expense in getting them resold, and are willing to work with you to ensure that you continue paying.

I would contact the people who have the lien on your property to ensure they know that you're up to date and are not planning to evict you from your home; while they do have to give notice prior to issuing such an order, it's good to keep communication open with your lender.

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Bankruptcy

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