| Author |
Message |
|
|
 azuk
Joined: 29 Oct 2009
Posts: 1
1.29 Dollars($)
|
 Posted: Thu Oct 29, 2009 1:40 pm Post subject: how to start ? |
|
|
Me and my husband both on deed (Illinois) ,he stop paying bills and I want divorce
I will have to file chapter 7 ,I want also transfer my share of interest in the property
To another individual.
What comes first bankruptcy ,divorce or quitclaim? |
|
|
smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
|
| Posted: Thu Oct 29, 2009 8:16 pm Post subject: |
|
|
Hi azuk!
Welcome to forums!
Transfer of property just before bankruptcy would be considered as a fraud by the bankruptcy court. The trustee can cancel the transfer and consider the property as a part of your estate. Once you quitclaim the property to someone else, you need to wait for at least a year and then file bankruptcy.
Feel free to ask if you've further queries.
Sussane |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7433
Location: bloomfield, ct
67.00 Dollars($)
|
| Posted: Fri Oct 30, 2009 1:57 pm Post subject: |
|
|
why would you wish to transfer your share of the property to a separate individual? for haha's, for some gain, for spite? it's only the type of move that would muddy up the waters, so i can't believe there'd be any real benefit to you from doing so.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
