by Anonymous on June 23rd, 2009

Anonymous

Question

Help answer this question below.

If I declare bankruptcy can i put my home under my children's name before declaring bankruptcy? (i owe 10,000.00 and the house is worth around 100,000.00)

Answers. 3 helpful answers below.

  • by qwerty on June 24th, 2009

    qwerty

    this is shady at best, the best course of action is to file all or your debt and assume what you want to keep, a decision will be made as to payments or portion of payments you will have to come up with, It will have to fit you're income though. In olther words if you can't afford youre houise payment now and assume it a new payment will be scheduled based on your income

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  • by MyGiveaDamnsBusted on June 24th, 2009

    MyGiveaDamnsBusted

    You can sell it to them. Then file for backruptcy.

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  • by Investors times on June 24th, 2009

    Investors times

    I think there is something called estate laws where if you give something to your heirs you have to pay taxes. Also given that you are in debt the house was probably used to secure some loans or was bought with loans, either way you will not be able to sell it or give it secretly

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