Nobody wants to file for bankruptcy, but sometimes, it’s the best option. When debt starts piling up and you’re threatened with foreclosure, selling your house to pay off what you owe becomes an attractive option.
In this blog post, you’ll learn how you can sell your house in bankruptcy, what rules apply, and why selling to Sell Pittsburgh Now, LLC is the fastest and simplest option.
Why Sell Your House During Bankruptcy?
Missed mortgage payments and rising debt create financial hardship that pushes many homeowners into bankruptcy. Selling your house removes a major monthly burden and gives you a chance to settle debts before the court steps in.
A court-approved sale in Chapter 13 (reorganization bankruptcy) can help you pay off your repayment plan early. In Chapter 7 (liquidation bankruptcy), selling your house lets you protect any equity before the trustee takes control and sells it.
A properly handled sale moves you closer to completing the bankruptcy discharge process by resolving secured debts first.
How Your Bankruptcy Type Affects the Sale
The steps for selling your house depend on the type of bankruptcy you filed.
In Chapter 7 (liquidation bankruptcy), your house becomes part of the bankruptcy estate, and you must get court approval before moving forward. The trustee reviews your motion and decides whether the sale helps repay creditors.
In Chapter 13 (reorganization bankruptcy), you can sell your house if the sale follows a court-approved repayment plan. If your motion fails to show how the sale benefits your creditors, the court will reject it, and your case will stall.
File the Correct Motion Before You List
Before listing your house or accepting an offer, you must meet all pre-approval requirements. Your attorney must file a motion with the court that includes the sale price, contract terms, buyer details, and closing timeline.
The court also needs a breakdown of how the house sale proceeds will pay creditors. Every agreement must include a clause that makes the sale contingent on court approval. If anything is missing, the court can reject the sale.
What Selling Your House Does for Your Future
A court-approved sale helps you avoid foreclosure and gives you a way to take control of your future.
Selling your house to Sell Pittsburgh Now, LLC removes your biggest debt and speeds up the bankruptcy process. You keep more equity, skip repairs and showings, and move on without waiting for the court to take over. Instead of feeling stuck, you get a clean break and a clear next step.
Stop asking if you can sell a house in bankruptcy, and start calling Sell Pittsburgh Now, LLC at (412) 275-5238 to start the process of selling your house today.
Call Sell Pittsburgh Now, LLC To Start the Process of Selling Your Home Today
If you follow the steps in this blog, selling your house in bankruptcy still isn’t easy. Sell Pittsburgh Now, LLC makes the process simple.
Still asking whether you can sell a house in bankruptcy? Call (412) 275-5238 today. If you’re also dealing with a condemned house, check out our other blog post on the subject to learn more.