Can property that has been inherited be lost by bankruptcy by one of the parties involved?
Question Details: My sister is filing personal bankruptcy in MA. Her name is on property in Florida along with mine and 2 brothers. It was our mothers home. Can it be taken from all of us if she only owns 1/4 of the property? We are worried that we are going to lose it. We all use it about once per year.
Theodore Koban / Law Office Of Theodore J Koban
Answered 3 years ago
This attorney is licensed in Massachusetts
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Depending on what it is worth a bankrutpcy Trustee could try to sell the quarter interest to rasie money for her creditors. Without more information it is a hard call to make. Perhaps the three other siblings could offer to buy her interest from the trustee? Theodore J. Koban, Attleboro, MA. www.KobanLaw.com
