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Will this be considered fraud in BK?

Posted on: 02nd May, 2012 02:40 am
my ex wife and i recently signed a quit claim deed on our house to her. we divorced officially in 2011. the bank modified the mortgage and my name was removed from the mortgage as well. so i have zero claims to the home. should i list this transfer on my bk schedule(s)? i don't want to run afoul of the trustee. again, we're officially divorced and i have no interest or stake in the home. is this fraud? how can it be? it's all legal....
Hi pamson,

You should not keep this transfer as a secret. You should inform the bankruptcy attorney as well as the court about this transfer ad let the court decide everything. If you have proper documents, you won't face any issues.

Take care
Posted on: 02nd May, 2012 03:12 am
Hi pamson!

Welcome to forums!

I agree with what Sara has said. You should inform the concerned people about this property transfer. As far as I can understand, you may have to list this transfer in your bankruptcy filing.

Feel free to ask if you've further queries.

Sussane
Posted on: 02nd May, 2012 08:00 pm
Don't know. But you can get started on finding out. Go to one of the links of business ads listed on this page to get started or do an Internet search of "Means Test". You need to take a means test to see if you qualify. This test is not the end all...but it's a good starting point.
Posted on: 02nd May, 2012 11:39 pm
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