If my Chapter 7 bankruptcy has been dischardged but the trustee is now investigating my transfer of our house to my wife, what can happen?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If my Chapter 7 bankruptcy has been dischardged but the trustee is now investigating my transfer of our house to my wife, what can happen?
What can the trustee do or force me to do. My wife did not declare with me
Asked on May 7, 2012 under Bankruptcy Law, Georgia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If you filed for a Chapter 7 banckruptcy protection and have received a discharge but the trustee is investigating a transfer of your home to your wife, the trustee can file a pleading with the court referencing a fraudulent transfer of assets to the detriment of creditors and the court can then conduct a hearing with respect to such issue and possible bankruptcy fraud.
If that happens and the transfer is found to be fraudulent, the court can unwind your Chapter 7 discharge and let creditors go after you and your wife. In addition, possible criminal charges could be brought against you if the transfer of title to your wife of the home was designed to defraud creditors.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.