what would happen if the court found i had removed my name from the deeds of a property months before going bankrupt? can they force the sale of the property or would a charge be put on it?
Presuming that there is equity that has been put beyond the reach of creditors
The house could be sold eventually and a hefty restriction could be placed against yourself extending the bankruptcy restrictions for between 2 and 15 years
If it has been done for no financial consideration to a friend or relative they can overturn this, & your name goes back so that your monies can be relaeased from the equity. Plus a possible BRU>BRO for hiding assets from creditors.
If the asset has been sold at below market value, or your name has been taken off the deeds, then the OR will overturn this transaction, and it will cause you problems with the bankruptcy.
removed my name from the deeds
Posted - 21 August 2009 : 23:17:26
