Posted on: 20th May, 2011 08:45 am
we filed bankruptcy and a real estate lot we had went to our partner. do we need to file a quit claim deed to remove our name form the real estate lot?
If you were on title and nothing has been signed off, then yes you would need to prepare a deed to transfer your ownership rights.
Welcome camper,
You will have to sign a quitclaim deed and transfer the property to your partner. Nevertheless, before signing the quitclaim deed, you should take the opinion of your bankruptcy attorney in this matter.
You will have to sign a quitclaim deed and transfer the property to your partner. Nevertheless, before signing the quitclaim deed, you should take the opinion of your bankruptcy attorney in this matter.