QUESTION
If I was awarded bankruptcy in 2014, how long before I can put a house in my name?
Asked on Feb 22nd, 2016 on Bankruptcy - Colorado
6 ANSWERS
Bankruptcy is not something you receive an award for, so I am confused by your question. If your Chapter 7 bankruptcy was discharged in 2014, you may accept title to real estate at any time. But that is not to say that every transfer of title to property is appropriate. For example, if you owned this property when you filed bankruptcy but are just now putting it into your name, there will be problems forever.
Answered on Mar 17th, 2016 at 4:46 AM
That does not stop you from putting a house in your name.
Answered on Mar 17th, 2016 at 4:46 AM
You can do so at any time.
Answered on Mar 17th, 2016 at 4:46 AM
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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There is no time limit in bankruptcy law on putting a house in your name. Generally, to qualify for a mortgage, you have to rebuild your credit for approximately two years.
Answered on Mar 17th, 2016 at 4:46 AM
Assuming you are talking about receiving a discharge in 2014, now.
Answered on Mar 17th, 2016 at 4:45 AM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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I'm not clear on what you mean by 'awarded' bankruptcy. Assuming that you mean that you received a discharge of debts in 2014, there should be no legal obstacle to your acquiring a house now. Of course there may be facts which could affect this opinion such as if the house was illegally transferred to hinder creditors. In that case your creditors could make big troubles for you, and the action could very likely be treated as a federal crime. You need a skilled lawyer with whom you can discuss all the facts and get an opinion which takes it all in account.
Answered on Mar 17th, 2016 at 4:45 AM