Don’t Transfer Property Before Bankruptcy

If you give away, transfer, or quitclaim property to a family member or insider within two years before filing, the bankruptcy court may unwind that transfer. If you did not receive fair market value in return, the trustee can reverse the deal, recover the asset, and distribute the proceeds to creditors. Selling property for fair market value is different — but transferring or gifting assets before filing Chapter 7 or Chapter 13 can create serious legal problems. Before making any transfers, speak with a bankruptcy attorney. Ready to Break Free From the Chains of Debt? 📞 Call my office today: (602) 887-6992 👉 AZ 🌵Residents: https://calendly.com/d/ctrm-8q5-gpb 👉 Non-AZ Residents: https://swiy.co/JohnSkiba #bankruptcy #debt Legal Disclaimer: The information provided on this YouTube channel is not legal advice and is offered for informational purposes only. You should seek out an attorney to seek legal advice on your legal issue. © Consumer Warrior, LLC - All content is owned and protected by Consumer Warrior, LLC.