Legal Question in Bankruptcy in Ohio
Land-Contract and bankruptcy
I am looking at bankruptcy - most likely chapter 7. I have a home that I bought about 9 years ago that I always rented but last december decided to sell it under a land-contract. How is this handled under the bankruptcy? I have a mortgage on the house consisting of about 9,000.00 equity with the house value of around 49,500.00. Since I am in a legal binding contract with this person what does the bankruptcy affect and what are my options?
Asked on 4/03/03, 4:26 pm
1 Answer from Attorneys
Jay Maynard
Attorney at Law
Re: Land-Contract and bankruptcy
I would need to find out more information before I could answer your question. Please call my paralegal, Victoria Ring at 614-486-7642 and she can help you.
Answered on 4/03/03, 10:25 pm
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