Posted on: 02nd Oct, 2010 02:15 pm
my daughter and i are on title on a home i live in. she owns her own home.
i want to file chapter 7 , i also have a tax lien on the home i live in.
can i file a quit claim deed and remove myself from the property and the liablility of the tax lien with this process.
i cannot file otherwise as they will take the home. they probably wont take it as its underwater 100k. however i am looking for another solution. will a quit claim deed accomplish this.
i want to file chapter 7 , i also have a tax lien on the home i live in.
can i file a quit claim deed and remove myself from the property and the liablility of the tax lien with this process.
i cannot file otherwise as they will take the home. they probably wont take it as its underwater 100k. however i am looking for another solution. will a quit claim deed accomplish this.
Hi Guest,
As you're planning to file bankruptcy, it won't be a good option to sign a quit claim deed and transfer the property to your daughter. The bankruptcy court will consider this as a fraud and may dismiss your bankruptcy filing.
Thanks,
Jerry
As you're planning to file bankruptcy, it won't be a good option to sign a quit claim deed and transfer the property to your daughter. The bankruptcy court will consider this as a fraud and may dismiss your bankruptcy filing.
Thanks,
Jerry