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Assumption/rejection of real property sales contract
Posted: Wed Nov 11, 2015 1:58 pm
by Yahoo Bot
HI Peter,
The property is only in contract, the sale has not been finalized yet. PC will still own the property when/if we file.
Regards,
Tuan Le
[Tuan-Le-Email-Signature]
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The post was migrated from Yahoo.
Assumption/rejection of real property sales contract
Posted: Wed Nov 11, 2015 1:56 pm
by Yahoo Bot
If the transfer was for less than fair value, the trustee may recovery the property or the lost value from the transferee. Peter M. Lively, J.D., M.B.A.
Law Office of Peter M. Lively * Personal Financial Law Center I
11268 Washington Boulevard, Suite 203, Culver City, California 90230-4647
Telephone: (310) 391-2400* Toll Free: (800) 307-3328 * Fax: (310) 391-2462
On Wednesday, November 11, 2015 12:46 PM, "
tuanl@stevelopezlaw.com [cdcbaa]" wrote:
Dear List,
I have a PC that was duped into a real estate contract to sell their property for below market value. They're looking to file BK on this and for all their credit card debt. I did a little research and it looks like a property sales contract may not be considered executory that can be rejected? Is that correct? Could someone provide some insight? Thanks.
Tuan Le
The post was migrated from Yahoo.