joint ownership

October 13th, 2009 by Questions

I own a parcel of land jointly with my father their is no lean on the property and it has not been used as collaterial..i am building my home on it.will i loose it if i go bankrupt

Posted from: New Brunswick

Questions

One Response to “joint ownership”


October 13, 2009 at 11:43 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

In New Brunswick there is no exemption available for land, property or a principle residence. So if you file for bankruptcy you can expect that your share of the land will have to be sold and the proceeds distributed among your creditors.

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