Legal Question in Bankruptcy in Minnesota
if one sibling, of four, involved in inheritance upon sale of real estste, files bankruptcy, are the other three affected in any way?...can he force a sale to settle his debt?
Asked on 6/17/16, 11:35 am
2 Answers from Attorneys
Nathan Hansen
Nathan M. Hansen, Attorney at Law
A Chapter 7 Trustee can force a sale.
In a situation like this the 3 other siblings should make an offer to buy out the trustee for any unexempt property.
Nathan Hansen
651-704-9600
Answered on 6/17/16, 11:40 am
David Kelly-952-544-6356
Kelly Law Office
I had a case where the trustee found a buyer who was willing to buy a one-fifth interest in my client's parents farm; and the trustee was threatening to force a sale, which he may have been able to do. Mr. Hansen is right. The siblings should be making an offer to the trustee.
Answered on 6/17/16, 1:34 pm
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