Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Can You Sell Your Home During a Chapter 7 Bankruptcy?

A chapter 7 in Missouri or Illinois can take as little as 90 days from start to finish. While it seems that you should be able to just sit tight, life continues on in those 90 days and you sometimes need to make a decision like selling your home. But what if you’ve already filed for chapter 7 bankruptcy? 99% of the time, there is no problem selling your home. The question is whether or not you have equity and how that will affect your case. Depending on your situation, it may even be beneficial.
But, since every situation is unique, it is best to talk to an experienced Missouri or Illinois bankruptcy attorney for free.
Some sell their homes to avoid foreclosure while others do so to catch up on their taxes. Depending on your situation, the trustee may even let you keep a portion of the money after the sale. It isn’t, as some may think, necessary to put off a bankruptcy just to sell your home.

This is yet another great example of why it is imperative to have an experienced and qualified St. Louis Missouri or Fairview Heights Illinois bankruptcy lawyer. The best lawyers will be able to help you decide which move may be in your best interest and protect any other property that you want to keep. What else should you expect from your bankruptcy attorney? You can find the answer to that question along with others like, “Should I file bankruptcy?” or “How can I find the best attorney for my case?” by requesting a free copy of my Missouri and Illinois bankruptcy book, “Get Out of Debt.” To request your free copy, click here.