Nashua, NH, Homebuyer Discusses Selling a House During Chapter 13 Bankruptcy

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Learn How to Sell a House in Chapter 13 Bankruptcy From a Nashua Cash Homebuyer

Nashua, United States – August 28, 2025 / IPS Cash /

Nashua, NH, Homebuyer Discusses Selling a House During Chapter 13 Bankruptcy

Joe Theriault, CEO of IPS Cash in Nashua, NH, recently discussed the challenges homeowners face when selling a house during bankruptcy. According to Theriault, his company regularly helps owners under an ongoing Chapter 13 case who ask, “Can I sell my house fast in New Hampshire?”

Understanding the Legal Hurdles of Selling During Chapter 13

When a homeowner files for Chapter 13 bankruptcy, their property becomes part of the bankruptcy estate. That means they can’t sell it without proper permission, which includes obtaining both trustee permission and formal bankruptcy court approval. The rule makes sure that all creditors receive fair treatment.

Theriault explained that even after a seller in bankruptcy locates a willing buyer, nothing can move forward without official court approval.

His company helps people to carefully evaluate any equity that may remain after paying off mortgages and any liens on the house. In New Hampshire, individuals may protect up to $120,000 of home equity under the state’s homestead exemption.

However, the court may direct that any equity exceeding the exemption must be distributed to the trustee, who protects the creditors involved in the repayment plan.

Why a Traditional Sale Might Not Work

Theriault noted that it’s often difficult to find a qualified buyer during bankruptcy. Offers may fall through if buyers are unwilling to wait weeks for court approval. He described how his company purchases homes as-is, with no repairs, no commissions, and no back-and-forth negotiations.

The company regularly works closely with attorneys and trustees to present contracts and motions likely to obtain approval. That often makes IPS Cash a top option for sellers who are under financial strain and navigating bankruptcy.

Timing and Transparency Are Critical

The homeowner’s bankruptcy attorney must first obtain trustee permission and then file a properly drafted motion with the U.S. Bankruptcy Court for the District of New Hampshire. The motion must outline the sale terms, sale price, and the proposed distribution of proceeds. Only after the judge issues an order can the sale proceed.

About IPS Cash

IPS Cash is a professional home-buying company based in Nashua, NH. The company specializes in buying houses for cash without agents or fees, regardless of its condition. IPS Cash works daily with local homeowners facing a wide range of legal and financial hardships, including bankruptcy, foreclosure, and probate.

If you need to sell property in New Hampshire or Massachusetts, call me and my team at IPS Cash at (888) 893-7188 to learn more about selling a house during bankruptcy with minimal stress.