November 4th, 2009 by Questions
I just took my name off the title of a house, how long until I can claim bankruptcy or will that info even become known when the bankruptcy process begins?
Posted from: Ontario
November 05, 2009 at 10:28 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
You are required by law to disclose any real estate transactions that took place in the 5 years prior to filing for bankruptcy. So yes this type of transaction will likely be an issue if you filed bankruptcy as the legislation is designed to prevent people from abusing the rights of the creditors.
Log in to Reply
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.)
You must be logged in to post a comment.