Posted on: 20th Apr, 2009 02:34 pm
I have just recently qiut claimed my home I own in clear to my father. He had given me a loan to purchase the home. He said if I did not pay loan back in full buy certian date he wanted the home deeded to him. I am concidering filing chapter 7. Is this going to be a problem during my filing?
hi
it may cause a bit of problem. a transfer like this, prior to filing bankruptcy, may be considered as fraudulent as it will be looked at as an attempt to avoid creditors. the creditors may be able to reverse the deed.
it may cause a bit of problem. a transfer like this, prior to filing bankruptcy, may be considered as fraudulent as it will be looked at as an attempt to avoid creditors. the creditors may be able to reverse the deed.