I am filing Chapter 7 and have a land contract with my parents.
The mortgage loan, deed, and other documents are all in the name of my parents. They simply handed me the payment book and I make the payments each month. We filed a land contract with the county so that I would inherit the house if something happened to them.
How will this be handled in bankruptcy? Can the bankruptcy court force my parents to sell the house?
The mortgage loan, deed, and other documents are all in the name of my parents. They simply handed me the payment book and I make the payments each month. We filed a land contract with the county so that I would inherit the house if something happened to them.
How will this be handled in bankruptcy? Can the bankruptcy court force my parents to sell the house?