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Asked in Salem, VA Feb. 13, 2019 ,  4 answers Visitors: 2
Own 25% of a property in Canada. If declare bankruptcy in NY, could the court force liquidation of the property?
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4 Answers

Anonymous
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Posted on / Feb. 13, 2019 06:09:44

In theory yes. Practically, no.

Anonymous
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Posted on / Feb. 13, 2019 05:46:39

Yes, they could but it also depends how much equity is in the property. I advise you speak to an experienced bankruptcy attorney.

Anonymous
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Posted on / Feb. 13, 2019 05:43:21

The Court could force liquidation of your interest in the property, but not the interest of others'.

Good luck.

Anonymous
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Posted on / Feb. 13, 2019 05:39:47

Yes.

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