Posted on: 05th Jun, 2011 09:34 am
My mom has deeded her house to my sister and I , with her having rights of survivorship. My husband and I are thinking about filing chapter 7. Will this property be affected? Also,can I quick deed this property to my daughter?
Hi daNurse!
Welcome to forums!
As your name is mentioned on the property deed, it will be affected if you file Chapter 7 bankruptcy. You can transfer the property to your daughter, but you won't be able to file bankruptcy immediately. You will have to wait for 1 year at least and then file bankruptcy.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As your name is mentioned on the property deed, it will be affected if you file Chapter 7 bankruptcy. You can transfer the property to your daughter, but you won't be able to file bankruptcy immediately. You will have to wait for 1 year at least and then file bankruptcy.
Feel free to ask if you've further queries.
Sussane