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Marcus Parker
Marcus Parker, Attorney
Category: Bankruptcy Law
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Experience:  practicing attorney including bankruptcy
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I am trying to find out if a person listed on a ...

Resolved Question:

I am trying to find out if a person listed on a deed as a life estate can file for bankruptcy to save the property from foreclosure
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  Marcus Parker replied 8 years ago.
Yes. The creditor would need to file a bankruptcy motion for relief from stay. There are several things the creditor would have to prove to prevail, and if this proof cannot be made it is possible that the life tenant/ bankruptcy debtor could save the property from foreclosure.
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