How are people who are in bankruptcy affected by inheritance? Ontario answers only, please.
2007-09-06 00:39:31 · 3 answers · asked by PAWS 1 in Business & Finance ➔ Renting & Real Estate
If I were you I wouldn't rely on any answer you get here on Yahoo! answers. I would consult a legal expert on this matter because so much is riding on it.
If the bankruptcy hasn't been discharged, it immediately becomes an asset to the one in bankruptcy and it might have to be liquidated to satisfy outstanding debt and that is why you need some legal advice, because I am sure that you would not want that 1/6th share to be sold (at fair value) to satisfy a debt.
Did I mention getting paid legal advice here? Did I?
Good luck!
2007-09-06 03:48:34 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋
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RE:We are planning to sell/gift our cottage to our six children. How will one who is in bankruptcy be affected?
2014-06-28 07:35:35 · answer #2 · answered by Anonymous · 1⤊ 0⤋
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RE We are planning to sell/gift our cottage to our six children. How will one who is in bankruptcy be affected?
How are people who are in bankruptcy affected by inheritance? Ontario answers only, please.
2014-09-23 14:40:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋