Posted on: 25th Apr, 2009 04:29 am
my father just recently added my name to a deed on a condo through the process of filing a quit claim. he just lost his job and is going to file a chapter 7 bankruptcy. my name is not on the loan. if i do a quit claim to take my name off the deed will my credit score be affected once he files for bankruptcy?
hi
if your father files for chapter 7 bankruptcy, your credit score isn't going to be affected in any way. but if your father quitclaimed the property to you within the past 1 year of filing bankruptcy, the transfer may be considered as invalid and fraudulent.
if your father files for chapter 7 bankruptcy, your credit score isn't going to be affected in any way. but if your father quitclaimed the property to you within the past 1 year of filing bankruptcy, the transfer may be considered as invalid and fraudulent.