QUESTION
Should I sign a quit claim deed on a house after filing bankruptcy? How?
Asked on Aug 11th, 2015 on Bankruptcy - New York
More details to this question:
I co-own a house with someone and I filed bankruptcy and was awarded a discharge. Should I sign a quit claim deed to other person?
6 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Generally yes. There are liabilities inherent in owning a house, if you're no longer involved in it, the quit claim will eliminate your liability.
Answered on Sep 14th, 2015 at 12:11 AM
I would be very careful. Pay an experienced BK lawyer to look at your BK petition and answer your questions.
Answered on Aug 17th, 2015 at 4:23 PM
I have no way to know why you might want to do this.
Answered on Aug 11th, 2015 at 6:48 PM
You do not need permission from the bankruptcy court to transfer your interest in the house now that you have a discharge, unless the bankruptcy trustee claimed it during your case. Otherwise, it's totally your decision.
Answered on Aug 11th, 2015 at 6:22 PM
Bankruptcy Attorney serving Madison, WI
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Richard B. Jacobson & Associates, LLC
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No one can answer your question without knowing a great deal more. E.g. Why do you want to sign a QCD to this person? Is it part of a relationship that might, like many others, go sour and you would find that you had gifted away something of value which you want back? Discuss this in detail with a lawyer whom you retain, or some other person in whom you have confidence.
Answered on Aug 11th, 2015 at 5:30 PM
There is nothing that stops you from doing that.
Answered on Aug 11th, 2015 at 5:28 PM