Received a Summons cause sister filed bankruptcy and the court wants all of us to sell and pay them to do it for her bills on bankruptcy. Live in house and want to know how long they give you
2006-11-09 15:39:48 · 5 answers · asked by passionannie 3 in Politics & Government ➔ Law & Ethics
I have not seen the documents you recieved,and therefore, I can't tell exactly what's going on here. You did not give sufficient detail.
Was this a summons from a bankruptcy court? If so, its possible that the bankruptcy court is notifying you, as a co-debtor (NOT co bankrupt debtor) that there is property to which you may have an equitable interest, that is subject to the bankruptcy estate.
If this is a house that your sister was in joint tenancy on, the laws protecting the house from the bankruptcy estate will vary depending on your state. You must IMMEDIATELY consult with a qualified bankruptcy attorney. DO NOT consult with a bankruptcy software program, or with a site advertised here. Also, do not consult with your sister's bankruptcy attorney. He/she does not represent your interests, he/she represents your sister's interests.
For a referral to a bankruptcy attorney in your state, contact your local or state bar association.
2006-11-09 19:28:26 · answer #1 · answered by Phil R 5 · 0⤊ 0⤋
There are sites on line you can read about Bankruptcy as well the homestead act. I recommend that you talk to an attorney in your state/area. If you are in agreement you could sue your sister for your value/equity you lost in your share of the property. You as well have the right to contest her bankruptcy when she goes to court. Did she list you as a creditor?
2006-11-09 18:41:24 · answer #2 · answered by AJ 4 · 1⤊ 0⤋
If that is a financial ruin 7, that is a liquidation, meaning each thing is on the prevalent public sale block. through fact the financial device is up and down, that is puzzling to declare no matter in case you will get sufficient in a BK sale to cover the relax loan debt. i might discover out how plenty you owe, how plenty you ought to get on the marketplace for it, how plenty you ought to sell it for fast, and make your determination in line with that. in case you come back up short interior the BK sale, you ought to owe something.
2016-11-23 13:40:44 · answer #3 · answered by ? 4 · 0⤊ 0⤋
foreclosure timeline depends on the state. maybe you should sell if you got a profit and rent.
2006-11-09 15:44:04 · answer #4 · answered by klixmaster 3 · 0⤊ 0⤋
I do. I do. Let them take the stuff. Keep the joints.
2006-11-09 16:02:01 · answer #5 · answered by Anonymous · 0⤊ 1⤋