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| Author: |
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Jim |
| Date: |
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November 30, 2003 |
| Question: |
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My wife & I jointly own our home.
If I transfer the title to her name only, 14 months before filing for bankruptcy, can it be seized by the trustee? Is
there a legal timeframe to gift or transfer property prior to claiming bankruptcy?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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December 1, 2003 |
| Answer: |
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Transfer of your interest in the home to your wife, knowing you are
insolvent and to avoid creditors, within a 5 year period prior to
bankruptcy, is a settlement and can be overturned by the Trustee.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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