Legal Question in Bankruptcy in Illinois
My sister filed bankruptcy. She is the executor of my mother's estate. Can a judge take my mother's house and offer us 3 other siblings less than what the house is worth? He wants to take it and sell it out from under us because of my sister's bankruptcy? There has been a lot of work done to the house and the price the judge is offering won't even let us recuperate from the repairs that were done. Is this legal?
Asked on 2/08/10, 1:10 pm
1 Answer from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
it is legal, but you might be better off buying your sister's interest, if the amount is so low.
call me if you have any questions.
joe michelotti 630 928 0100
Answered on 2/13/10, 4:44 pm
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