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 will address 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?

Price: $125.00
SKU: 194829
75 mins
Chief Judge Phillip J. Shefferly U.S. Bankruptcy Court (E.D. Mich.); Detroit, Charles D. Bullock Stevenson & Bullock PLC; Southfield, Mich., Kimberly R. Clayson Clayson, Schneider Miller; Detroit, Tricia S. Terry Marrs & Terry, PLLC; Ann Arbor, Mich.