I have a deed of trust on a persons home for a secured loan that i did and now they are filing A CHAPTER 7 BANKRUPTCY IF I HAVE THE DEED OF TRUST AS SECURITY SECONDARY LIEN HOLDER CAN THEY GET BY WITHOUT PAYING ME.
1 Answer from Attorneys
Hard to say without knowing the total amount of the debt which the filer is seeking to discharge, the amount of your secured loan and that
of the first priority lienholder as well as other factors associated with the matter, but irrespective of these, you would probably still want to file a motion with
the bankruptcy trustee to lift the automatic stay and to oppose any inclusion
of your secured loan in the proposed Chapter 7 discharge.
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