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If your home has no mortgage can you save it by placing in a revocable or irrevocable trust prior to filing Chapter 7?

Answer:

Answer

Your best bet is to file a Chapter 13 and forget attempting to "hide" the asset.

It will most likely create more provlems and can easily be considered a bad-faith transaction. Unless you have another reason to transfer the property, you may also see criminal charges for bankruptcy fraud.

First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 180 [recommend question].

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