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Are time shares considered real property when you file for bankruptcy I need to list a few and wonder if they are under real property or other.?
Wiki User
∙ 12y ago
That's a toughie....my understanding is most 9but not all0 timeshares actually do give you "fee simple" title to the real estate, albeit only for 2 weeks of the year or such.
In that case, as this type of title is considered title to real estate I'd list it as RE. But, just making sure it's listed and even noting your not sure if it is RE or another type of interest (and would agree to whatever the court wants to consider it), would suffice. let them scratch their head!
Wiki User
∙ 12y ago
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