Posted on: 18th May, 2010 04:05 pm
my brother buy the house for me two years ago my credit was bad. i live in it i make the payment on time. now he want transfer the house to me but i fail bankrupty chapter 7 .can i do quit deed ? he going to bankrupty soon he is waiting for me plase help me :?
Hi mary,
If you have been discharged of your bankruptcy filing, then your brother can transfer the property to you. However, as he will be filing bankruptcy, transfer of property just before that can be considered as fraudulent. He can be penalized for the same.
Thanks
If you have been discharged of your bankruptcy filing, then your brother can transfer the property to you. However, as he will be filing bankruptcy, transfer of property just before that can be considered as fraudulent. He can be penalized for the same.
Thanks