My ex-wife and I own a piece of property in Florida and she is getting ready to file BK.
Will I lose my share, can I buy her out for $1.00?
Will I lose my share, can I buy her out for $1.00?
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You can buy her half for fair market value now, or buy her half when the trustee is ready to sell it. Buy it for $1.00 now and you're going to have a world of problems...All information contained in this post is for informational and amusement purposes only.
Bankruptcy is a process, not an event....... -
Interesting...
I'd wait for the trustee to start selling it...my gut feeling is that the "fair market value" will drop significantly...
Good luck.No person in their right mind files a Ch. 13 with lien strip pro se. I have.Therefore, please consider me insane and clinically certifiable when reading my posts, and DO NOT take them as legal advice of any kind.Thank you.Comment
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