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madalitso
Oct 26, 2008, 11:16 AM
If my husband goes bankrupt as soon as he has just sold his house to me, will the receiver take my house?

And I have a joint bank account and we are both authorised to withdraw the money, I withdraw all the money and my husband goes bankrupt. Will I be liable

If my husband is declared bankrupt and a few months later i.e. 6 months he gets some a large some of money, will the creditors come after that money

Curlyben
Oct 26, 2008, 11:46 AM
>Threads Merged<

Fr_Chuck
Oct 26, 2008, 11:58 AM
The issue here is that he has to report all house sales, as long as it was a legal sale, her received proper money from the sale.

And of course the transfer of money, how much, if his share was over the exemption amount this may be considered fraud and bankrutpcy not allowed.

ScottGem
Oct 26, 2008, 12:05 PM
The bottomline here is the receiver will look at all recent transactions. If you try to hide assests you will most likely be caught.