Sale of Property in Bankruptcy

Sale of Property in Bankruptcy

At Liviakis Law Firm, we work with real estate owners who have complex debt problems and wish to obtain financial stability through use of the Bankruptcy Code. Whether residential or commercial property, Chapter 11 bankruptcy and Chapter 13 bankruptcy provide the opportunity to sell property in bankruptcy at a price that maximizes profit for business owners and home owners, respectively, rather than foreclosing on property to sell it and use the proceeds to pay creditors.

For questions about bankruptcy property sales and the advantages compared to a short sale, contact me, a Sacramento attorney, for a free initial phone consultation today. When we meet, I will thoroughly explain your options and the implications of each.

Folsom Attorney, Advising on Asset Sales in Bankruptcy

Section 363 of the Bankruptcy Code, accessible through filing for Chapter 11 or Chapter 12 bankruptcy, allows the debtor to make sales, uses and leases of property using auctions, financial advisers, investments, transfers of contracts and other business transactions that are part of normal business operations.

Any sales, uses or leases of property outside the ordinary course of business require that the debtor obtain court approval and give notice to all creditors and interested parties. Property can be sold free and clear of liens and with minimization of successor liability under Section 363 — thereby increasing the value added to investors and improving chances for a profitable sale.

If filing for bankruptcy does not serve your financial goals, I can also assist with other options available for selling property to relieve debt, including short sales and trustee sales.

For Questions About Bankruptcy Purchases, Contact a Citrus Heights Lawyer

At the Liviakis Law Firm, we represent clients in communities throughout Sacramento County, El Dorado County and Placer County, California. Our conveniently located offices in Rancho Cordova and Sacramento are open 9 a.m. to 5 p.m. Monday through Friday. Free parking is available.

For a free initial consultation about property sales in bankruptcy with an experienced bankruptcy lawyer, contact an office near you. Your choice of legal representation can have a significant impact on the success of your bankruptcy filing.

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    Client Testimonial

    Wonderful Bankruptcy Attorney!

    I retained Mr. Liviakis after a very bad experience with another lawyer who basically abandoned my case. Mr. Liviakis was thorough in his analysis of the law and the facts of the case and very prompt in responding to all of my questions. His professional handling of the case gave me confidence that the matter would be done right.

    Professional and Talented Attorney

    Very professional and talented bankruptcy attorney. He helped me though a very difficult situation. I recommend Liviakis to others in the community of Sacramento. Liviakis took time to answer all of the bankruptcy questions that I had. My case turned out very well. It was an easy experience and no stress at all.

    They Truly Cared

    After interviewing several lawyers, I decided to use Miki. Miki and his staff were knowledgeable and helpful throughout the process. They kept me informed every step of the way and made me feel like they “cared”. I have worked with a number of attorneys over the past 25 years and Miki is someone whom you can trust.

    Definitely Recommend

    I would definitely recommend Atty. Liviakis to anyone that I know that needs help to sort out their financial problem. Very easy to talk to and always prompt when I have questions. Chapter 11 Client

    Mikalah was the most informed and knowledgeable proffesional i have ever had the privilege to work with.not only did he handle our case succesfully,he treated us with dignity and respect in a very tough time. I highly recomend this attorney he is a man with integrity,a true professional.

    Chapter 7 Client

    Liviakis Law Firm was professional and empathetic to my situation. I felt that I could discuss my situation without judgment or feeling shame. I appreciated the quick communication and professional demeanor of all staff.