Legal Question in Bankruptcy in New York
My father's company is headed toward bankruptcy. I am planning on buying his lake property. However, I have read and been told that the creditors may be able to undo the sale if they prove it was made for an unfair price. How is this price typically calculated, so I can ensure I purchase the property safely?
Asked on 6/16/10, 11:37 am
1 Answer from Attorneys
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