Bankrupcy & Transferred House
This query is : Resolved
27 December 2008
If X had transfered his House to his Daughter (major,unmarried) b4 filing for bankrupcy....can the Reciever claim that House on behalf of the Bank(s) frm whom X had taken Loans?????
P.S--- the House wasnt subjected as security provided for the Loans
P.S--- the House wasnt subjected as security provided for the Loans
12 January 2009
He can unless, there is ample proof that the transfer was not an effor to the defeat the creditors.
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