Selling During Bankruptcy? I Can Still Help.

Financial distress is one of the most stressful things a person goes through, and when you're in the middle of a bankruptcy proceeding, the idea of also navigating a home sale can feel impossible. But it often isn't, and selling your house during bankruptcy can sometimes be the exact move that helps you get through it.

I buy houses from sellers in bankruptcy proceedings throughout Virginia and Maryland. The mechanics differ depending on whether you're in Chapter 7 or Chapter 13, and whether the property is an asset of the bankruptcy estate or something you're trying to exit before or after the filing. The important thing is: there are paths forward, and I know how to work within the legal framework.

Chapter 7 vs. Chapter 13

In a Chapter 7 liquidation, the trustee may sell the house as part of the estate liquidation process, and a cash buyer can be a clean, fast solution that benefits the creditors and expedites the case. In a Chapter 13 reorganization, you're on a repayment plan, and selling the house may be part of that plan or may require court approval to execute. In either case, I work with your bankruptcy attorney and the trustee to structure the sale correctly.

The automatic stay that goes into effect when you file for bankruptcy can also affect foreclosure proceedings, if you're behind on your mortgage and you've filed bankruptcy, the stay temporarily halts foreclosure. Selling during that stay, with court approval, can give you a controlled exit that protects your equity and satisfies the trustee.

I am not a bankruptcy attorney and I won't give you legal advice, that's your lawyer's job. What I can do is work alongside that process, provide a written cash offer that your attorney can use in the court proceedings, and close quickly once approvals are in place. Fill out the form and I'll call you today. If you want to loop in your attorney from the start, that's completely fine with me.