FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Buying Assets from the Estate

My husband and I have a 1987 trailer which has never been registered and has been non insured since September 08. At auction it may sell between $500 and $1000. What is the likelihood of our trustee allowing us or a family member to buy it in order to keep it in the family.

Posted from: Ontario

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One Response to “Buying Assets from the Estate”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The likelihood is very good. What the trustee will have to do is ensure it is sold at fair market value. So if you get the property appraised and then offer the trustee the appraised value then you shouldn’t have any trouble with this. The only trick is you will have to have that amount of money paid into the trustee before you will be discharged.