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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Contracting with someone who's in bankruptcy.. Posted by Ward-CA- on May 28, 2003 at 5:56 PM In Reply to: bankruptcy question posted by gcastro on May 28, 2003 at 2:24 PM : Ward, I just found someone who is in forclosure, and she said that she has filed bankruptcy chap 13, but the are still in the process of doing that, so I guess the process has not been completed. What would you suggest I do? Tell her to cancell the bankruptcy? Can I buy the property even though they have filed bankruptcy? ======================= Yes you can, but make sure you get the approval of the bankruptcy trustee or judge for your deal. That's because while someone is in a bankruptcy action they don't have total control of their assets and so selling any of them requires the Court's permission. They will often OK a deal if they think it improves their client's position. Follow Ups: how can I find out who is the bakrupcy trusty or judge? (nt) gcastro 6:30 PM, 05/28/03 (2) Researching bankruptcy records on-line... Ward-CA 7:47 PM, 05/28/03 (0) Internet access to bankruptcy court records.. Ward-CA 7:42 PM, 05/28/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, I just found someone who is in forclosure, and she said that she has filed bankruptcy chap 13, but the are still in the process of doing that, so I guess the process has not been completed. What would you suggest I do? Tell her to cancell the bankruptcy? Can I buy the property even though they have filed bankruptcy? : ======================= : Yes you can, but make sure you get the approval of the bankruptcy trustee or judge for your deal. That's because while someone is in a bankruptcy action they don't have total control of their assets and so selling any of them requires the Court's permission. : They will often OK a deal if they think it improves their client's position. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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