April 4th, 2011 by Questions
I am wanting to buy someone’s house under an Agreement for sale clause but they have filed bankruptcy. Does the bankrutpcy automatically take the house
Posted from: Alberta
April 04, 2011 at 1:36 pm, A licensed trustee said:
The sellar may use the bankruptcy filing to stop the sale, if they want to/need to. Your best course of action is to call the trustee handling the bankrupcy and ask them what the status of the house and sale is – the truste should know if the sale is going to proceed or not.
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