FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Can i give a house ?

Before i go for a bankruptcy, can i give my house for a gift to someone. Or can i sell the house to a friend for the price that is under real price? Or can i transfer what i own under his/her name and then i dont own nothing for the house and i can declare bankruptcy without having any connections with a house?

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One Response to “Can i give a house ?”

Barton Goth GCO Bankruptcy Trustees said...

Absolutely not. First of all being involved in this type of action would cause you to be ineligible for an automatic discharge. Your trustee would legally have to go to court, have the transaction reversed (which is easily done) and the end result is that any equity would still be available for the creditors and you will likely have penalties imposed by the court that must be fulfilled before the court will even consider granting of a discharge.