QUESTION
Can I give my son an acre of my 3 acre property after my bankruptcy is finished?
Asked on Feb 19th, 2016 on Bankruptcy - Ohio
8 ANSWERS
Once your bankruptcy is completely finished, you may do as you like with your assets. Without knowing more, I cannot say whether this might be a good or bad thing to do. Proceed with caution.
Answered on Feb 25th, 2016 at 4:38 PM
Yes, after your receive a discharge.
Answered on Feb 25th, 2016 at 4:37 PM
2 Awards
Yes, if the trustee does not liquidate your property and your case is closed it is abandoned back to you and you can do what you want with it.
Answered on Feb 25th, 2016 at 10:19 AM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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If your debts have been discharged, and there are no other claims upon the land, and you have exempted the 3 acres, then you can give it away if you wish.
Answered on Feb 25th, 2016 at 10:08 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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Perhaps, if the bankruptcy is over and you have retained the property and it is not liened by a secured creditor. Short story, see an attorney with the details.
Answered on Feb 25th, 2016 at 10:05 AM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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Yes if was administered by the Trustee and exempted.
Answered on Feb 25th, 2016 at 9:54 AM
If the property is exempted then yes.
Answered on Feb 25th, 2016 at 9:54 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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If you still own it after the bankruptcy, then you can certainly, give it to your son.
Answered on Feb 25th, 2016 at 9:26 AM