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New Member
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Apr 2, 2011, 12:16 AM
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I lost my job and defaulted on my credit, I am forced to file for bankruptcy.
My friend asked me to put he's property under my name because he was out of town and one day we will both go to the court house and make the change to he's name since he is the rightful owner, know that I may have to file for bankruptcy can creditors put a judgement lien on a property that's is no longer in my name?
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Expert
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Apr 2, 2011, 02:29 AM
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If it is under your name, yes a lien can be attached to it. Best you and your friend get there soon to put it under the proper name, otherwise, he loses out.
Tick
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Computer Expert and Renaissance Man
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Apr 2, 2011, 04:43 AM
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How did it come about that you put the property in your name? Something doesn't smell right here. Transferring real estate is not that simple.
But if the deed is in your name its YOUR property and no one else's. And that means it has to be listed in any bankruptcy proceeding. It is your asset to be attached or liened.
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Ultra Member
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Apr 26, 2011, 01:36 PM
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And to add to what already said: The court will smell a rat if you try to transfer ownership of anything shortly before filing for bankruptcy. Even if you transfer it back to him, the could say that you are trying to defraud the court and throw your case out, or invalidate the transaction due to fraud, and lien it anyway.
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Expert
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Apr 26, 2011, 08:13 PM
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Yes if the property is or was under your name ( deed) and you transfer it to the other person, the bankruptcy court will require you to prove ( if it is near the date of bankruptcy) the sale paper work and the money you got,
In fact they can over turn the transfer if they feel it is a fraud and put an attachment on that property even after you have transferred it
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New Member
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May 9, 2011, 04:30 AM
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Sure, if they smell fraud then the transfer can be over-turned.
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