Murrysville, PA asked in Bankruptcy and Real Estate Law for Pennsylvania

Q: I have the opportunity to buy a house thats in bankruptcy chapter 13 thats my moms. What can i do or how can I buy

Buy seeing she in bankruptcy

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1 Lawyer Answer
Anthony M. Avery
Anthony M. Avery

A: Right now while the seller is in a five year plan chapter 13 bankruptcy is not the time for her to sell her real property. The Trustee would have a substantial interest in it, and might take all the proceeds except a homestead exemption amount. If the chapter 13 is dismissed then you might buy it. If converted to a chapter 7, then a couple of years later you might buy it. Apparently, your Mother needs the advice of a good lawyer.

Timothy Denison agrees with this answer

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