Legal Question in Bankruptcy in Minnesota
Joint Tenancy Real Estate
If a homestead is worth $100,000 and is held in joint tenancy by a married couple, how do you list the value of the debtor's interest when only the husband files bankruptcy? $50,000?
Asked on 5/26/99, 1:22 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Joint Tenancy Real Estate
Generally, here at least, as $50,000, describing the asset as "one-half interest in xxx real estate valued in full at $100,000."
Answered on 5/28/99, 9:54 pm
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