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Chap 7 with joint tenance or tenance in common

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Calboy

Junior Member
What is the name of your state (only U.S. law)? Ca.
Prior to filing a chapter 7 BK, If you are on a quickdeed as a joint tenance or tenant in common, can you simply have your name removed from the deed to protect other owners or is there 180 day rule or something preventing that?
 


GaAtty

Member
GaAtty

If you were intending to go into bankruptcy before the deed transfer is done, you probably should not do that transfer if you intend to file bankruptcy within the next few months. If you already did the transfer and had not planned to do a bankruptcy at that time it was done, then you will probably need to state in the bankruptcy that you made the transfer (depending on how long ago you did it). There is a time limitation on transfers made prior to filing. Just to correct your terminology, it is not "quickdeed", it is "quitclaim deed". It is not joint "tenance" it is "joint tenants".
 

FlyingRon

Senior Member
Further, if there is any lien on the property (mortgage, judgements), deeding it away won't won't make any difference.
 

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