Does A Discharged Bankruptcy Affect A Seller's Cash Incentive?

Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690



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Lenn Harley
Lenn Harley,, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland


Discharge in Bankruptcy affects a seller's cash incentive because, if it exceeds the seller's permitted $$$ exemption, the bankrutpcy trustee is going to claim it for the petitioner's estate to distribute to creditors (after taking their percentage).


Jan 12, 2013 09:02 PM #1
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

Is the question "why does the discharged bk..." or "does the discharged bk..." I read the string and thought it was "does" and obviously the answer is yes. If you read the guidelines for incentive programs, most state that bks don't get bucks. (BB, I realize you know this and are just sharing the string. It's actually a very thought-proviking one.) Hope your new year is going well!

Jan 12, 2013 11:35 PM #2
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