Expert Advice When You Need It Most

Can a petitioner in Chapter 11 be granted relief on a debt resulting from a frudulent transaction

Asked almost 3 years ago - Sacramento, CA

Bankruptcy Chapter 11 Bankruptcy Debt Relief

The debtor cosigned a promissory note based on a fraudulent grant deed to which he had no title nor did the note's cosignor. In fact the parcel actually belonged to the US Government

Flag

Save

Share with:

Attorney answers (1)

Robin Mashal

Reputation Level 16

Answered almost 3 years ago. Litigation Lawyer in Los Angeles, CA.

Flag

Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.

Bankruptcy law allows most liabilities to be discharged. There are certain liabilities that cannot be discharged in bankruptcy, such as those based on fraud, defalcation, DUI, etc. In order to prevent such liabilities from being discharged, the person who has the claims needs to timely file a lawsuit (called an "adversary proceeding") in the bankruptcy court and prosecute her/his claim to judgment. You should immediately consult your own attorney to protect your legal rights.

Mark as good answer

Add comment