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Foreign Real Estate
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David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
duane stroh
Sent: Tuesday, March 24, 2009 11:06 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Foreign Real Estate
Have you ever had the Trustee administer real estate located in a foreign
country? My prospective client owns an apartment in Sofia, the capital of
Bulgaria. Would a trustee be interested in trying to sell the apartment? DCS
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David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.
Duane:
The trustee can sell the apartment if the USA has the proper treaty with Bulgaria.
Now you have to look that up.
Really, the trustee would settle for pennies if your client has the money, or a place to borrow it. Ask your client the value in american dollars, then figure a hefty discount for hiring an attorney, a broker, filing a foreign proceeding in Bulgaria.....etc.
you get the picture. It is possible, but very expensive. So if a trustee is so inclined, the trustee will take a settlement.
dennis
The post was migrated from Yahoo.
Have you ever had the Trustee administer real estate located in a foreign country? My prospective client owns an apartment in Sofia, the capital of Bulgaria. Would a trustee be interested in trying to sell the apartment? DCS
The post was migrated from Yahoo.