Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi there. I'm happy to see if I can help you.
I take it you own some property jointly with your brother?
We own a camp together(my brother and I) and my wife and I filed for Chapter 7 bankcrupsty
In a Chapter 7 bankruptcy, your discharge and the sale of any assets you aren't allowed to keep (exempt) are on two different time lines. If no objections are filed, your discharge will come relatively quickly. As for the sale of any assets, the Trustee can keep your case open as long as necessary to sell the property. Whether your Trustee will or not is up to him or her, but the Trustee has a duty to "administer" (i.e. sell) assets that a Debtor is not allowed to keep.
While the case will continue to be open, your discharge should not be held up by the sale of any property. Once the property is sold, your brother should receive his ownership share and the balance will be disbursed to your creditors, proportionate to their claims at the time your case was filed.
Thanks so much for the opportunity to assist you. Please remember to click the green "accept" button so I receive proper credit and compensation for my assistance. This does not prevent me from answering any follow up questions or providing clarification and insures I am able to help you again in the future.
Best of luck to you!