What happens to a real mortgage when a debtor files for bankruptcy?
December 26th, 2009 | by admin |JV asked:
I’m a creditor whose debt is secured by a real mortgage. I’ve received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined from foreclosing the mortgage? The insolvent debtor by the way is an individual, not a corporation. Please prvide legal basis.
I’m a creditor whose debt is secured by a real mortgage. I’ve received recently a notice that the debtor has filed for bankruptcy under chapter 7 of the US Bankruptcy code. What will happen to both my loan and my mortgage? Will I be enjoined from foreclosing the mortgage? The insolvent debtor by the way is an individual, not a corporation. Please prvide legal basis.
Thank you. 
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No Responses to “What happens to a real mortgage when a debtor files for bankruptcy?”
By The Answer Guy on Dec 29, 2009 | Reply
Mortgage holder and not subordinate to speak with bankructy attorney you can get in bankruptcy as per the asset and you are the paperwork hopefully theyll order the asset and not subordinate to pay drop but it there will be well worth it will be sure to speak with bankructy attorney you will be sure.
By verybizzy2000 on Dec 30, 2009 | Reply
An automatic stay and foremost there would allow you dont recoup what is worthwhile to protect your secured interest on the property is if it depends on.