My question involves bankruptcy in the state of: Tennessee
I filed Chapter 7 and did not reaffirm the house. The trustee and lienholder agreed by court order that the trustee had 120 days to attempt to sell the house. If the trustee was unable to sell the house in 120 days the lienholder could foreclose, but all proceeds over the lien amount would go to the trustee.
I agreed to lower my exemption to $10,000.
In a few days the 120 day period will come to an end.
I have a friend willing to loan me money to catch up on the house payments.
I contacted the bankruptcy lawyer and he said it was fine if after the 120 day period I could catch up payments and the lienholder, but I think that advice may be wrong. I think the property has to be abandoned by the trustee. The court order states that the trustee receives any amount over the lien amount in a foreclosure sale. I am concerned that if I pay the lienholder the back due payments the trustee could swoop in and sell the house for less, or if I attempt to sell the house after a year or two the trustee could come back and take the proceeds above the lien amount.
Do I have anything to worry about by taking a loan and paying back payments? Do I need an order abandoning the property before making any payment? Any ideas?

