No outstanding mortgage. Sale price $75k, tax lien $14k, surrender date July 3rd. Is there a gap between dismissal date (Sept 23) and date the stay is lifted ? Can I payoff unpaid tax to county & cash out remaining amount?
The stay goes away when a judge grants a creditor's motion to lift the stay, or when a case is dismissed.
Your best bet would be to find a local lawyer immediately and try to save the current case.
Chapter 7 Bankruptcy Attorney
You need an attorney right away. Here's a good choice:
Melanie Pennycuff, Esq.
Kreisler Law, P.C.
2846A North Milwaukee Avenue
Chicago, IL 60618
First, the firm is a debt relief agency according to the U.S. Bankruptcy Code. We help people file for bankruptcy. We also do other stuff and we do it well, but Congress wants me to post this notice. Second, nothing on this site is legal advice. You are not my client unless you enter into a written agreement signed by you and me.
Chapter 13 Bankruptcy Attorney
If your property was sold in a tax sale, there is usually a tax redemption period of 2 years from the date the taxes were sold. In a Chapter 13 you could propose to pay the redemption amount (plus interest and late fees) but that has to be paid off before the redemption period expires.
Hopefully the tax sale just took place and that the redemption period isn't close to expiration. If your case is dismissed, you may be able to refile a Chapter 13 if the current case is not dismissed with a 180 day bar from you refilling. Sometimes trustees ask for a bar from refilling if people file pro se and did nothing to get the case moving forward for confirmation or if repeated cases were filed and dismissed. But, if you do refile, be sure to get a lawyer this time.
Also, if you plan on selling the property, the closing must take place before the redemption date expires and the sold taxes can be paid off at closing and you can keep the remainder of the sales proceeds.
The answers posted by this attorney is not intended to be legal advice but a general answer to common and/or similar situations to the questions posted. It is highly recommended that the persons seeking an answer to his/her questions seek an in person consultation with an experienced attorney in their jurisdiction. This attorney is licensed to practice in the State of Illinois and in the Federal Court of the US District Court for the Northern District of Illinois. While the US Bankruptcy Laws are Federal Laws, interpretation of those laws may differ from the various Federal jurisdictions. And, it is important to note that State Exemption laws differ from State to State.