Bankruptcy sale causes rift with real-estate-hungry neighbor

Losing bid escalates into adverse possession claim
Published on Jan 5, 2005

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by CareyBot

Michael and Mary Colarusso filed Chapter 7 bankruptcy. Among their assets was a realty parcel worth more than $700,000. During the proceedings, the bankruptcy trustee listed the property for public sale. There was considerable interest from at least four bidders. ...