Q: I own a house, the mortgage is clear. I’m worried about Outstanding credit card debt and filing bankruptcy.
Can I quick deed the house over to my father and file bankruptcy later?
A:
First of all it's "quit claim deed", not quick
You have just described the classic insider or inter-family transaction which will be reversed if it is done less than a year before you file. You should go see a good lawyer who does bankruptcy to analyze where you are. I cannot tell you about exemptions in Colorado (only Florida Oklahoma and Texas), but there is exempt property, and your homestead may be one.
Bankruptcy is not DIY!
Good luck
d
A: Contact a competent bankruptcy Near you who can help you accomplish your goals.
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