Well your question is surely one for an attorney specializing in bankruptcy or real estate but because I am currently experiencing a similar situation I can offer you the little information that I know.
Typically you are not able to amend your chapter 13 bankruptcy once it has been confirmed but you need to bring this information to your trusteeâ€™s attention immediately as it falls under unusual circumstances. It is your responsibility to inform the bankruptcy trustee of any substantial changes in your financial situation, i.e., you now own a home.
The discovery of unadministered assets is a good enough reason for the court to reopen your case. Unadministered assets are items discovered or found after the bankruptcy case was closed that were not considered by the bankruptcy court. They must be assets that were unknown to you and the trustee when the case was closed.
Notify your attorney and trustee as quickly as possible regarding this unscheduled asset so that it can be administered appropriately.
Diane Wheatley, Broker
Eli Givoni, Director
Short Sale Department, LLC
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