Legal Question in Bankruptcy in New York
purchasing parents home
I have a land contract with my parents to buy five acres with a mobile home on it. They now have two judgements against the property for unpaid credit card debt. If my parents file for bankruptcy will they still be able to sell me the home and property?
Asked on 11/22/02, 7:27 pm
1 Answer from Attorneys
Lance Spodek
Lance Roger Spodek, P.C.
Re: purchasing parents home
Yes but subject to the judgment liens. Bankruptcy will not remove the liens. If the judgment liens are very new, within the last 90 days, it mauy be possible to remove them. If within 90 see a lawyer quickly.
Answered on 11/23/02, 11:35 am
Related Questions & Answers
-
Discharged or not? I have a small claims judgment against an individual that I won... Asked 10/25/02, 12:14 pm in United States New York Bankruptcy Law
-
Spouse Bankruptcy I purchased a home in 98, my name alone is on the loan. I quit... Asked 10/23/02, 7:59 pm in United States New York Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
