Home     Law Advice     Insurance Advice     Community    
Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
Go Back   FreeAdvice Legal Forum > BANKRUPTCY AND CONSUMER CREDIT > Consumer Bankruptcy
Reload this Page chapter 13 joint tenant in common

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 04-02-2003, 09:54 AM
karneann
Guest
  
Posts: n/a
Question

chapter 13 joint tenant in common

What is the name of your state? florida

I am in process of filing chapter 13. I am a joint tenant in common on an undeveloped lot that has some equity. Will I be allowed to maintain that equity if the other party continues payment? Can the trustee sell my portion to the "highest bidder"?
  #2  
Old 04-02-2003, 10:26 AM
Senior Member
  
Join Date: May 2000
Location: Catatonic State
Posts: 75,781

Re: chapter 13 joint tenant in common

[quote]Originally posted by karneann
[b]What is the name of your state? florida

I am in process of filing chapter 13. I am a joint tenant in common on an undeveloped lot that has some equity.

**A: are you a joint tenant ot a tenant in common? Either way, you may still be affected.
********
Will I be allowed to maintain that equity if the other party continues payment?

**A: it would be up to the BK Trustee.
*****
Can the trustee sell my portion to the "highest bidder"?

**A: yes and even order the entire property sold.
  #3  
Old 04-02-2003, 11:18 AM
karneann
Guest
  
Posts: n/a
Unhappy
Thank you for your reply. It is joint tenant in common with rights of survivorship.

How can BK trustee order the entire property sold? The other party is not a blood relation, nor spouse.

If I didn't file for now, and sold my interest, and paid on bills with the money, would this cause a problem with the Chapter 13/trustee.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 11:59 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.