Legal Question in Bankruptcy in Maryland
Purchased property as Tenants in Common. Filed individual Chapter 7 BK relinquishing said property and listing co-owner in BK schedules. Did not sign quitclaim deed. Bankruptcy was discharged as a no-asset Chapter 7. Other owner is paying mortgage and living on property. Bank is not going to foreclose. When property is paid off or sold, will I still have rights as tenants in common to property?
Asked on 8/19/10, 8:45 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Yes. Since your interest was abandoned by the trustee, you still own it.
Answered on 8/24/10, 8:59 am
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