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If siblings own a house inherited from deceased parents and one files bankruptcy how does that work?
Wiki User
∙ 15y ago
Do both sibblings live in the house? If not, You might want to buy the the other sibblings half of the house. Or at least have him or her sign it over to the other sibbling or the house might be in danger of forecloser if one sibbling files bankruptcy...If you don't have the money to buy the other half, it is always a possibility to refiance to pay off the other sibbling......Talk to an attorney,fast.
Wiki User
∙ 15y ago
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Who has the right to the ancestral house among the siblings if both parents are deceased?
It is my understanding that if both parents are deceased, next in line would be a sister, brother....hope this helps.
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