Transfer of title to the family home prior to the order for Bankruptcy

What if your partner has transferred his interest in the family home to you prior to the Bankruptcy?  Will the Trustee do anything?

The answer is yes because the Trustee must be assured that there has been no intention to prevent the creditors from benefitting from the proper value of the home and having their interests defeated.

The Trustee will seek to resolve matters by negotiation or, if this is unsuccessful, will then bring an application to court to set aside the transaction.

Recent Posts