Transfering real estate in chapter 7

[Paddy628]

What is the name of your state? OR

My state allows you to have up to $30,000 of equity
in your home before they can touch it. I only have about
$10,000 of equity in my house. My question is...
Can I transfer the title of my home to someone before
or while I'm in chapter 7 since I don't have enough equity
in my house to be considerd an asset yet.

Thanks

 

[Ladynred]

No, you cannot. It would be considered a fraudulent transfer and construed as bankruptcy fraud.

If you're nowhere near the exemption, what are you worried about, you won't lose anything.

 

[HomeGuru]

What is the name of your state? OR

My state allows you to have up to $30,000 of equity
in your home before they can touch it. I only have about
$10,000 of equity in my house. My question is...
Can I transfer the title of my home to someone before
or while I'm in chapter 7 since I don't have enough equity
in my house to be considerd an asset yet.

Thanks

**A: You can not transfer interest unless you sell the property. You have nothing to worry about unless you are in default on your mortgage.