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Winter Leadership Conference | December 5-7 | Rancho Palos Verdes , CA Register Today View Schedule

Dealing with Co-Owners of Bankruptcy Estate Property

Many bankruptcy cases have property that is partly owned by the debtor and partly owned by a nondebtor. This session addresses some of the issues that can arise for debtors, creditors and trustees in these circumstances. Can a chapter 7 trustee administer property that is co-owned by a nondebtor? Under what circumstances can such property be partitioned? What steps can a nondebtor co-owner take to protect his or her interest in estate property? What about equitable title vs. legal title? What rights does the nonfiling co-debtor have? When does the co-debtor stay apply? How does having parents on property/bank accounts impact the debtor and the bankruptcy estate?

Hon. Steven W. Rhodes Consumer Bankruptcy Conference
2019
Bankruptcy Code: 
Bankruptcy Rules: 
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