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
One Response to “joint ownership”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
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.