When should I file an insolvency petition if an ancillary estate is pending? | NC

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Q: When is the right time to file an insolvency petition if there’s also an out-of-state ancillary estate still pending? A: The practical right time is usually when you can show the court a reliable, near-final picture of two things—what valid creditor claims exist, and what assets will actually be available to pay them. If the out-of-state ancillary estate is still trying to sell a mortgaged…