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Alberta Bankruptcy Question & Answer Forum
Author: |
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Anonymous |
Question: | |
we are married. 8 months ago due to civil suits i transferred title of our home for no real value to my wife. 3 months ago we moved homes, i was never on title for the new home. if i declare bankruptcy is my wife's home in risk of seizure? | |
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From: | |
Alger & Associates Inc. |
Date: | | Sep 07, 2010 |
Answer: | |
Yes, it is an issue if the equity from home #1 was used to purchase the current home. It would certainly be subject to a review and likely a court decision. Karen Rideout
phone: (403) 296-2973
krideout@alger.ca |
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