I sold a house and the buyer sued me for nondisclosure. An arbitrator ruled in favor of the buyer and ordered that the contract be rescinded. Now I have to buy back the property and pay all costs related to the transaction including attorney fees.
Can I declare bankruptcy to get rid of this debt?
Don’t see why not since this is a civil and not criminal issue.
Find a local bankruptcy attorney that you like and make an appointment to go in and discuss this issue with them.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.Big Hug!
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