Posted on: 13th Dec, 2010 07:40 am
My husband and I may close our company. If I quit claim my house to my children, can the creditors take it anyway? We owe one debt to a bank and the rest to customers in an incorporated business.
Same as above.
Hi Beverly!
Welcome to forums!
If your children become the owner of the property, then your creditors won't be able to come after that property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If your children become the owner of the property, then your creditors won't be able to come after that property.
Feel free to ask if you've further queries.
Sussane