If I sign over all of my personal property to another person, can anything happen to that person if I am sued for default on a debt?

If I sign over all of my personal property to another person, can anything happen to that person if I am sued for default on a debt?

I have been served with papers to appear in court for a $30,000 credit card debt and I do not own any real estate or have any savings in the bank. All I have is what I own in my apartment which is not in question at this time as there has been no court date just a hearing scheduled.

Asked on March 3, 2012 under Bankruptcy Law, New Jersey

Answers:

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