Posted on: 27th Jul, 2011 07:01 am
hello and thank you for your time. i separated from my husband 1.5 years ago and he has since filed for bankruptcy. i did not as i (as well as my sister) had been put on the deed to my fathers house in case anything every happened to him. my father and i had a bit of a falling out and we did a quit claim deed and i was taken off, although my sister still remains on the deed with my father.
i am in financial distress and feel that i need to file for bankruptcy but have heard that i cannot do so if i have transferred property within 2 years of filing. is this true? i have never had a financial stake in my dads home (not on the mortgage or anything). i live in virginia. again thank you so much for your help.
i am in financial distress and feel that i need to file for bankruptcy but have heard that i cannot do so if i have transferred property within 2 years of filing. is this true? i have never had a financial stake in my dads home (not on the mortgage or anything). i live in virginia. again thank you so much for your help.
I have a friend that is in a situation somewhat similar. He was on title, then was removed. He just went to the creditor meeting / negotiator meeting and he was asked about the property. He explained the transfers and that he is not a legal owner with financial interest in the property. They accepted. If your story is straight, I dont see a problem. Keep in mind, this example is for California.
It is definitely the truth, so I would think that I am just honest and straight forward about it it should be okay.
