Q:

How soon can I sell my house after bankruptcy?

A:

A home can be sold as soon as the case is considered discharged and closed, according to Jayne Thompson for SFGate. This depends, however, on whether the trustee assigned to the bankruptcy case does not decide the home must be sold to pay off the debts.

Another option is to enlist the help of the assigned trustee during bankruptcy to help determine the value of assets and sell the home. Document preparatory companies can help with the paperwork; however, according to attorney Justin Harelik at Bankrate, there are state-by-state variations that need to be considered, which is why utilizing the help of the bankruptcy trustee or hiring a local bankruptcy lawyer may help streamline the process and avoid any legal hang-ups.

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