I invested money with a real estate agent posing as a broker , for helping people who were losing their homes to be able to recover . I was given a Deed of Trust and a Promissory Note , neither which ever got signed or recorded . Then this person filed bankruptcy , I filed an Adversary Bankruptcy against her , things got to much for me so I hired a Bankruptcy attorney . Case is still pending , but in the mean time the D A's office tried her for fraud , I don't know what all the counts were , the case when to a hearing she plead guilty go a lessor sentence was convicted of Grand Theft and ordered to pay me restitution . My questions , can I have her served paperwork I am filing with the DER to collect some of my money back , will I be in violation of the automatic stay by doing this . Help
Bankruptcy is a legal way for people or businesses who are no longer capable of paying back their bills to clear these debts and start over.
The effect filing for bankruptcy will have on your home and other real estate depends on your state's laws and the type of bankruptcy (Chapter 7 or Chapter 13).
by attorney Benjamin Skinner
Since the real estate market began to decline in 2006, followed by its dramatic crash in 2007, I have counseled many hundreds of individuals needing... more