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how to start ?

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azuk Joined: 29 Oct 2009 Posts: 1 1.29 Dollars($)	Posted: Thu Oct 29, 2009 1:40 pm    Post subject: how to start ? Like 0 Dislike 0 Me and my husband both on deed (Illinois) ,he stop paying bills and I want divorce I will have to file chapter 7 ,I want also transfer my share of interest in the property To another individual. What comes first bankruptcy ,divorce or quitclaim?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Thu Oct 29, 2009 8:16 pm    Post subject: Like 0 Dislike 0 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: 12357 Location: bloomfield, ct 55.04 Dollars($)	Posted: Fri Oct 30, 2009 1:57 pm    Post subject: Like 0 Dislike 0 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 Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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