Home transferred from Coowned to Wife owned
February 8th, 2007 by Questions
If I was to go bankrupt and currently did not own the home I live in, however did 3 years ago, and owed rev can a sizable amount of current year income taxes, would rev can be able to go back and overturn the transfer to somehow get what they might deem my share of the equity out of the home???? and if so, would it be based upon the equity position at the date of the transfer, or on the day of bankruptcy?
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)