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THE ONLY HOUSING OF DEBTOR WAS FIRST SOLD AT AUCTION

As a part of the insolvency case of an individual, an argument arose about the fate of his two-level five-bedroom apartment. The debtor insisted at the exclusion of it from the bankruptcy estate, referring to the fact that it was the only housing. The lenders, in turn, pointed to the luxuriousness of the apartment and demanded its implementation. The result of a long-term dispute was the sale of real estate and the acquisition of much more modest housing for the debtor. The history of the apartment...

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