i have been following a house that was going to foreclosure. i just checked with the bank’s attorney for the sale tomorrow and the debtor filed for chapter 13 bankrupcy.
what does this mean? he is trying to list it on the market for TOP dollar. If i submit a low bid, but it satisfies his debt…is he required to take it? what happens in 60 or 90 days if the house is not sold.
what material is available to educate myself on the bankruptcy process
thank you