Posted on: 02nd Apr, 2009 07:30 pm
hi, i am going thru a divorce and we have two properties, one of them i want to remain with and my soon to be xhusband is willing to give me the one property i want but he is filing for bankruptcy. i dont know if i have a good enough credit and employment background to refinance and put under my name. how will his bankruptcy affect me keeping the property ?
Welcome Angela,
If he transfers the property to you and then immediately files for bankruptcy, then this transfer may be considered as a fraudulent one. Moreover, if he transfers the property to you now, then he would not be able to file bankruptcy within the next year.
However, if you had a legal separation agreement where you were to receive the house, then it is likely that it would not effect you.
If he transfers the property to you and then immediately files for bankruptcy, then this transfer may be considered as a fraudulent one. Moreover, if he transfers the property to you now, then he would not be able to file bankruptcy within the next year.
However, if you had a legal separation agreement where you were to receive the house, then it is likely that it would not effect you.
Hi
Transferring the title at this point doesn't seem to be possible as any such transfer would be considered as invalid. You should consult your attorney and find out if there is any way for him to transfer the ownership to you prior to filling bankruptcy.
Transferring the title at this point doesn't seem to be possible as any such transfer would be considered as invalid. You should consult your attorney and find out if there is any way for him to transfer the ownership to you prior to filling bankruptcy.