Putting my name on papers for my mother

August 2nd, 2006 by Questions

My mother is about to claim bankruptcy for the first time and has asked if she could put my name on the papers for her house so that it can’t be taken from her. I don\’t know what this means, if it is legal, or how it will affect my credit in the future. Is there more that I need to know?


One Response to “Putting my name on papers for my mother”

, Barton Goth, GCO Inc. Bankruptcy Trustees said:

Simply adding your name to the title of her house won’t protect and may put you at risk in the process. If someone does this type of thing just prior to bankruptcy it is considered a reviewable transaction that will be overturned by the courts, potentially a judgement might be awarded to the trustee against yourself and your mother for the full value of the transaction and then as a result of this questionable behavior it is unlikely that your mother will be discharged from bankruptcy for quite some time.

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