September 1st, 2008 by Questions
I have about $100,000 in personal debt and considering bankruptcy. In terms of assets, I am part owner of a home that was purchased 2.5 years ago and therefore has not accumulated much equity. The other owner of the home is my mother who is in good credit standing. Should I transfer 100% ownership of the home to my mother or should we both sell the home before I claim personal backruptcy?
Thank you for your time and advice.
Posted from: Ontario