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Yes, but only with the BK court's permission
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∙ 13y ago
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Can someone who stands to inherit land lose it if they are in or file bankruptcy?
If the person who currently owns the land is not yet deceased, then the person who may inherit the land has no current interest in the property. This has no effect on bankruptcy proceedings.
When two own land by deed of gift can 1 person sell the land without telling the other person?
NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.NO. They can only sell their own interest in the land. They cannot sell the interest of the other owner.
Can you sell a home that is in bankruptcy?
No.
Can you file chapter 13 on a land contract?
A bankruptcy (either 13 or 7) is filed by a person and is to include ALL debts, not a particular contract. You should speak with a bankruptcy lawyer to find out if you qualify and what debts would be discharged or reorganized under a bankruptcy.
If you filed bankruptcy and have decided to sell your house Do you have to let the realtor know about the bankruptcy?
If you filed for bankruptcy and the title company knows about it, then you cannot sell your house. Your title is not free and clear so a buyer could not purchase. It also depends on the bankruptcy, you should talk to your lawyer.
How would bankruptcy affect a license to sell insurance?
Bankruptcy would not affect your license to sell insurance in any way. It does not affect your ability to continue to make money.
Are you a bankruptcy?
Bankruptcy is when a person or a firm thinks that they are in financial crisis, they go out for filing bankruptcy in related court.
What protection does Chapter 11 Bankruptcy offer?
Chapter 11 is the bankruptcy code issued to a business who files for bankruptcy. This type of bankruptcy protects a business and will allow it to get running again. If a business fails and applies for chapter 7, they must sell everything and give the proceeds to creditors. A person on chapter 11 does not have to do this.
Can you sell your house while in bankruptcy?
You cannot sell your property during a bankruptcy proceeding. If a bona-fide offer is made to purchase the property a motion is filed for permission to sell. If allowed, an order is issued by the court that frees the property from the bankruptcy so it may be sold free and clear of your bankruptcy by the trustee. The proceeds from the sale will then be controlled by the trustee in bankruptcy.
Can you sell a motorcycle after filing bankruptcy?
yes you can i know my stuff
What happen to firm fail to sell its product?
They file for bankruptcy.
Can you but a car before filing bankruptcy?
Selling or otherwise transferring an asset in anticipation of bankruptcy can cause issues. See a lawyer in your area. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
