Remainder Interest in Life Estate
Date: Thu, 05/21/2009 - 14:18
We had our court session today for our chapter 7 bk. The trustee questioned my remainder interest in my parents house. They have a life estate. The remainder interest is valued at $25,000 and my sister is the coowner with me. My attorney will be calling me on this tomorrow, but I was just wondering if anyone had any experience with a situation like this. If the trustee wants to sell my interest, who would they try to sell it to? How would they go about that?
Sound's like they are going after your portion...Good Luck
Sound's like they are going after your portion...Good Luck
We haven't heard a thing. My attorney said to just wait and see
We haven't heard a thing. My attorney said to just wait and see. Hopefully the trustee won't think it is worth going after since the market is so bad right now. I hope that will be the case.
I guess it went my way. I received our discharge papers in the
I guess it went my way. I received our discharge papers in the mail with no mention of selling my remainder interest.