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Co-owner of property

I am a co-owner of land worth approx. $4000. If the person I am co-owner with goes bankrupt, what happens to `our` land? Can I buy them out or am I out of luck?

Posted from: New Brunswick

One Response to “Co-owner of property”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

The best thing do do is to contact the trustee he goes bankrupt with. That way you will be able to arrange to purchase the other 1/2 of the property from trustee.