Posted on: 16th May, 2011 05:50 pm
My husband and I are thinking about filing Bk because of credit card dedit we have a payment on our home we live in. We have a other property that is free and clear because it is all on our current home. Can we transfer ownership on the property that is free and clear before we file Bk
hi coco!
welcome to forums!
if you transfer the property ownership just before filing bankruptcy, then it will be considered as fraudulent. you can file bankruptcy after 1 year passes since the property transfer. contact a real estate attorney before taking any steps in this regard.
feel free to ask if you've further queries.
sussane
welcome to forums!
if you transfer the property ownership just before filing bankruptcy, then it will be considered as fraudulent. you can file bankruptcy after 1 year passes since the property transfer. contact a real estate attorney before taking any steps in this regard.
feel free to ask if you've further queries.
sussane