Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hi - my name is XXXXX XXXXX I'm a Bankruptcy and Consumer Protection attorney here to assist you.
Do all siblings own the house equally?
Thank you for your response.
Since the Bankruptcy estate would be entitled to the filer's share, the trustee can sell the property. He or she would keep the debtor's share of the equity, and distribute the balance to the other siblings.
The other siblings will be allowed to pay the debtor's equity to the trustee if they want to keep the house.
Could the other siblings purchase the debtors share from the trustee in order to keep the home?
Thank you I see you already answered my question!