Real Estate Issues Involving Bankruptcy: Minnesota Home Talk Legal Minute
The information below originally appeared as part of the Minnesota Home Talk Legal Minute. To hear an audio version, click here. You can hear my Legal Minute segments during the show every Saturday on 1500 ESPN at 7 a.m. and On Demand.
One of the trickiest areas of real estate law involves the intersection of real estate and bankruptcy law. When someone files bankruptcy, what happens to the real estate they own? What is the effect on recently completed transactions or pending transactions? What can a creditor do if a debtor has taken steps to shield real estate assets from creditors prior to a bankruptcy?
These are some of the issues we address in the Legal Minute segments for the entire month of October.
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To hear other Legal Minute segments, visit the Minnesota Home Talk page on Jeffrey O’Brien Today.