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

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share title on the house

Hi,
4 years ago, I and my ex-boyfriend bought a house. My name was on the title for 2 years then we were broken up. I took my name off after he agreed to pay me back the initial deposit of $15K. Due to the relative death back home, I spent this money to help for the funeral. Now, I don`t have a job, and am thinking to go bankruptcy. Do I have to disclose this to trustee about all assets I`ve sold for the past 5 years, consider that I didnot sell the house, I just took out my name from the title only? Thanks

Posted from: Ontario

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One Response to “share title on the house”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

Yes, you must disclose this to your trustee. You should be prepared to discuss the circumstances surrounding the transfer / sale, the proceeds received and how those proceeds were used. Failure to do so would likely cause you significant difficulties during the bankruptcy itself.