Posted on: 25th Sep, 2012 12:53 am
I recently transferred my property to my ex-wife. We divorced officially on Oct of 2011. The bank modified the mortgage to the tune of $1 on Dec 20, 2011, and my name was removed from the mortgage as well. So I have no claims to the home. Should I list this transfer on my BK Schedule(s)? I don't want to run afoul of the trustee. Again, we're officially divorced and I have no interest or stake in the home. Is this fraud? How can it be? It's all legal....
Hi Gilmar!
Welcome to forums!
I would suggest you to list the transfer of the property when you file bankruptcy. Nevertheless, it will also be better if you could take the opinion of the bankruptcy attorney in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I would suggest you to list the transfer of the property when you file bankruptcy. Nevertheless, it will also be better if you could take the opinion of the bankruptcy attorney in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome Gilmar,
I agree with what Sussane has said. Any property transfer just prior to bankruptcy filing can be considered as fraudulent. So, it will be better if you could contact your bankruptcy attorney and take his opinion in this regard.
I agree with what Sussane has said. Any property transfer just prior to bankruptcy filing can be considered as fraudulent. So, it will be better if you could contact your bankruptcy attorney and take his opinion in this regard.
When you move toward legal aspect of bankruptcy then you need to declare a list of your whole property along with the property you share.Therefore it will be essential for you to declare the house legally.It is not fraud at all
yes, it would be better for you to declare about the title transfer while filing bankruptcy.