Terrance Mcclendon
Off market deal. Seller filed bankruptcy
I am working on an off market deal where the seller is wrapping up a ch 13 Bankruptcy that ends in September. The bank dropped the loan on the home however, based on what I am being told them home is in the bankruptcy...
Arnie Clark
A tenant files Chapter 7 Bankruptcy
I have a single family home that i turned into a rental property, the property is paid off and the title is free and clear. My tenants have been on time for the last 4+ years but just filed chapter 7. The property is ...
Daniel E.
Owe taxes on bankruptcy payments received?
Hello,I own one non-performing note. Chapter 11 plan was approved in early 2020. Do I need to report this income? Will I owe taxes?UPB: $50kLegal: $85k2020 Pmts: $15k*LLC costs related to note (force-placed insurance,...
Thomas Andresen
Seller discloses bankruptcy day before closing
I put in an offer on a home that we found on the MLS in Philadelphia. This offer was accepted and we proceeded down the line with financing, title, earnest money, option money,etc… The day before we were to close the ...
Johnson H.
$196 Million Chapter 11 Bankruptcy Story
I see a lot of new investors on BP and I wanted to share this story of a very prominent investor, hard money lender, developer, well known in the community that filed for bankruptcy during the financial crisis. He was...
A.J. Bardugone
Buying from sellers in a bankruptcy
Hey all.Would anyone with experience buying homes from sellers who are in an active Chap. 7 or 13 bankruptcy speak to the experience? On the surface, it seems as if they'd be difficult-to-close, time-consuming and po...
Dedric Polite
Looking for MA based Bankruptcy Attorney!
Hi BP! I am looking for a Bankruptcy attorney for one of my clients. They are looking to file Chapter 13 Bankruptcy and need an attorney who can handle it quickly and affordably. Please message me with details. Thank ...
Tyler Bushey
Negotiating with a bankruptcy lawyer, tips?
I got a lead on a duplex, which is in foreclosure and am negotiating directly with the lawyer handling the bankruptcy. Curious on what to expect, will this likely be a waste of time? Any tips on this procedure would...
Ross Mcghie
Would you invest in Bankruptcy Judgement?
previous experience of bankruptcy judgement deal that you did.
Aletha Brown
Wanting to get started but....Bankruptcy
Hi. I have a bankruptcy on my credit that's been charged off for 2 years this October (2017). That and no capital are the ONLY two things preventing me from physically acting. I know no one who can personally help wit...