An abstract of judgment for the amount shown below and any other amounts due: Amount: Debtor: Creditor: Date entered: County: Court: Case No.: Recording Date: Recording No.: $4,100.91 Jim Doe State of California, Employment Development Department March 1, 2011 Sacramento Superior XXXXXXXX March 22, 2011 as instrument no.

The creditors cannot pursue the debtor personally, but their liens survive.

Monetarily, the strategy would only make sense (and cents) if the interest you paid on the withdrawn funds (over the entire life of the debt), or, in the event you can deduct the future interest as an expense, the lost opportunity, does not exceed the taxes you would have paid on that amount if earned as a salary.  

I am an Oklahoma licensed attorney and I focus on consumer bankruptcy on the debtor’s side.

Never let them burn up your financing period.As a side note, I recommend that you put a 2 week extension in your purchase & sale agreement just in case you need more time to wrap up the debt or equity.

That way the desperate seller has their cash and they can move or pay off their debt or whatever without feeling like they got F'd over because they know they have more money coming their way.

Now is the time to stick with agency debt or fhfa if you can.

It depends if they are putting money in as debt or equity.

There are cases where the debtor is required to perform certain actions after discharge and before case closure. 

Most of the these are in judicial foreclosure states with very favorable debtor judicial systems requiring long foreclosure times, exacting documentation and large legal fees3.