Legal Question in Real Estate Law in Wisconsin

Bankruptcy and Time Share Ownership--Sale by Trustee

If your former husband still owned a part of any marital asset, it became a part of his bankruptcy estate once he filed. If it were not claimed as exempt by your �X,� his bankruptcy trustee would therefore have the option of selling his � interest in such an asset if the trustee felt that a sale were worth the trouble. Since timeshares often have little or no retail value, it is an open question whether or not it would be worth his trouble to do all the paperwork required for a sale. If not, however, this might be a golden opportunity for you to obtain clear title to the timeshare by buying the interest of your "X" from the trustee, possibly for a rather nominal amount. You should also be aware that either way, you are obligated to disclose the existence of this asset to the trustee or face possible federal charges yourself for the bankruptcy crime of concealing assets from the trustee. All that being said, I do not have enough information to answer your question. My above suggestions are mere speculation based upon the few facts which you have provided and are not intended as legal advice for you. You should therefore consult with your own professional before acting upon any steps which I may have mentioned.