Bankruptcy Info
Does anyone know of a good book or course about Chp 7 or 13 bankcruptcies? It has always been an area that has kept me from really following up on alot of these potential deals.
Also would like to properly guide (but not advise) folks when there's simply no time left until the sale or the lender won't postpone the sale.
Every state has its own bankruptcy law. I doubt there's a comprehensive book that covers each state in detail.
If you really want to know, just go down to your local law library and read everything you can about your states bankruptcy laws.
Be very careful about 'advisor' or 'guiding'. You don't want to get accused of practicing law without a license.
Happy Investing,
Stacy Kellams
Let me clarify the above post.
There is one set "Bankruptcy" laws, its called the bankruptcy code or (Title 11 U.S.C.) which is federal law.
Each state has its own Exemption Laws and laws pertaining to secured transactions, collections, foreclosures and judgments.
Good luck!
the BK arena is a great place to find info on pre-foreclosures.
There is great general info on bankruptcy at Find law.com and Nolo.com
Your state code should have an exemption chapter or title, you should check your local law library for that info.
Utah_bkatty, I'm guessing your from Utah, what part? I'm from the Davis county area.
Andy
Andy
I'm in Midvale. (SL county)
I meet a lot of people who are itching to sell their homes - short and fast! Great investment opportunity. I usually refer them to my real estate buddies..
We should talk sometime.
Matt
Matt, send me and e-mail, we'll talk. Do you know any good bird dogs? I've got a few people looking for properties for me but I could always use more.
**Please See My Profile**
Andy
I concur with Learned Counsel from Utah on that point. There is only 1 federal bankruptcy code which each state provided its own set of exemptions set forth either in statute or in the particular state's constitution. You will need to receive a relief from stay from the bankruptcy trustee if the property is in foreclosure.
J