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How long do you have to wait to file bankruptcy after I have passed a property on to your son?
Wiki User
∙ 11y ago
Thank you for passing your property to my son. Since I do not have a son, I guess it remains in limbo.
If your son paid you the value (equity) of your home, you will have to disclose the transfer, but it will have no effect on your bankruptcy.
If you gave the property to your son for free, and there was equity in the property, probably two years, if you gave the property knowing you were insolvent and intending to deprive your bankruptcy estate of the asset.
It would have been better to discuss this with a bankruptcy lawyer before passing the property, as you might have been able to exempt the property in the filing.
Wiki User
∙ 11y ago
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me
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