Q: If named in a survivorship deed, does my share of the realestate count as an asset in bankruptcy court?
A:
If you are named in a survivorship deed, all that means is that you get to keep the entire real estate without probate upon the demise of the others who are also named in the deed. Yes, it is an asset that will need to be disclosed in bankruptcy proceedings. The question is how the fractional asset will be dealt with against the creditors. You should consult with an attorney experienced in bankruptcy before you proceed down this road.
Gus M. Shihab
www.ShihabImmigrationFirm.com
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