 |
|
 |
 |
|
|
Calls Answered Seven Days a Week |
| REAL
ESTATE LAWYER |
|
 |
|
|
|
|
Boston, Massachusetts
1 Constitution Plz
Boston, MA 02129
Directions
Providence, Rhode Island
Shakespeare Hall,
128 Dorrance Street
Providence, RI 02903
Las Vegas, Nevada
729 South Seventh Street
Las Vegas, NV 89101
|
|
|
Any bankruptcy case instituted prior to October
1, 1979 is governed and continues to be governed by the Bankruptcy
Act of 1898, as amended. Any case instituted on and after
October 1, 1979 is governed by the Bankruptcy Code of 1978.
The filing of a bankruptcy petition by a debtor triggers an
"automatic stay" which immediately halts virtually all actions,
including foreclosures, against the debtor and his property
or property of the bankruptcy estate.
All of the debtor's property becomes part of the bankruptcy
estate as of the date of the filing of the petition. The property
can leave the estate by being declared exempt, by abandonment,
by sale or by a re-vesting in the debtor upon the confirmation
of a plan in a Chapter 11 or 13 case under the 1978 Code.
Anyone purchasing a property that was the subject of a bankruptcy
petition is strongly advised to contact a skilled real estate
attorney to perform a careful review of the title.
Under the Bankruptcy Code, there is a "look-back" provision,
allowing the bankruptcy trustee the right to challenge any
transfers or foreclosures of the debtor's property within
the one-year period preceding the filing of the bankruptcy.
These transactions can be challenged based on the concept
that the foreclosure sale or transfer of the property was
fraudulent in nature. Great care must be taken when insuring
a transaction coming through a foreclosure sale, or a deed
in lieu of foreclosure.
Authored in conjunction with Old Republic National Title Insurance
Company.
For more
information regarding the preparation and filing of a homestead,
or if you are looking for a real
estate lawyer in Massachusetts, please contact Rob D. Stewart. If you prefer,
you can also telephone our offices in Boston seven days a
week at toll free 866-414-0400.
Related Articles
Parker
| Scheer - Massachusetts Real Estate Lawyers
Buying
a house in Massachusetts
Purchase
and Sale Agreements in Massachusetts - Buyer's FAQ
Massachusetts
Real Estate Law Rubric Table
Title
Insurance Schedule for Massachusetts from Old Republic Title
|
|
| Parker Scheer LLP real estate
lawyers in Massachusetts towns and areas including Acton, Amesbury,
Andover, Arlington,
Ashland, Athol, Bedford, Belmont,
Bolton, Boston, Boxborough, Boxford, Boylston, Braintree, Brookline,
Burlington, Cambridge,
Cape
Cod, Carlisle, Charlestown, Chelmsford, Chelsea,
Clinton, Concord, Danvers, Dedham, Dudley, Duxbury, Essex, Fitchburg,
Foxboro, Framingham, Franklin, Gloucester, Hamilton, Hanover,
Haverhill, Holbrook, Holliston, Hopkinton, Hudson, Ipswich,
Kingston, Lakeville, Lawrence, Leominster, Lexington, Lincoln,
Lowell, Lynn, Lynnfield, Malden,
Marblehead, Marlborough, Marshfield, Martha's
Vineyard, Maynard, Medford,
Melrose, Methuen, Middleborough, Milford, Milton, Nantucket,
Natick, Needham, New Bedford, Newbury, Newburyport, Newton,
Northborough, Peabody, Pepperell, Plymouth, Provincetown, Quincy,
Reading, Rockport, Rowe, Rowley, Salem, Saugus, Sherborn, Somerville,
Stoughton, Stow, Sturbridge, Sudbury,
Townsend, Wakefield, Waltham, Watertown,
Wayland, Wellesley,
West Newbury, Westborough, Westford, Weston,
Westport, Wilmington, Winchester, Woburn, Worcester. Parker
Scheer also provides referral services to real estate attorneys
outside of Massachusetts. |
|
|
|
