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Response to Repossession by reciever after 7 years

from Too scared to say (iwasduped@yahoo.com)
I am a little confused here.I assume that at the time of your Bankruptcy order the OR decided to leave your house alone, but placed a lien on it so that in the event it became an asset within the hiatus period it could be realised. You have now been discharged...so how can the OR retain an interest in your property indefinitely? Was it a conditional discharge or a full one? I must admit I have limited knowledge of this post bankruptcy type of scenario, but I understood that after you got the discharge certificate, the OR had to release the lien, or stay the discharge certificate and realise the asset. Otherwise people would live in perpetual fear of the OR coming back to them and grabbing assets/income at some future date.

Why would you need to settle with creditors from the 1994 bankruptcy anyway? Their debts were included in the bankruptcy and cannot be re-visited after discharge. Perhaps someone with better knowledge of the Law in this area could answer for you. Have you taken legal advice?

(posted 8374 days ago)

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