What happens if I have sold or transferred something right before I file bankruptcy ?

Posted on January 30, 2014. Filed under: Consumer Alerts, Consumer Bankruptcy Attorney | Tags: , , , , , |

for sale sign

Always, always share with your attorney anything you have sold, conveyed, transferred or otherwise taken out of your name within 2 years prior to filing bankruptcy. Most of the time, it will be an issue that will cause no problems with your bankruptcy filing. Other times, it will be an issue that if your attorney is made aware of, then your attorney can give you advice on what effect it would have on a bankruptcy filing and it make cause you to rethink the bankruptcy filing. Other transfers may be things that would not cause any problem or delay in filing bankruptcy. But, if you don’t tell your attorney about it, then she will not be able to properly advise you on how to deal with the transfer. Finally, if in doubt whether something is a transfer, tell your attorney and he will advise you accordingly.

photo credit: Diana Parkhouse via photopin cc

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