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I Want to File Bankruptcy but Transferred a Deed to My Father Seven Months Ago. Will this Affect My Bankruptcy?

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Yes. Your father is an “insider”. (So is a friend or other relative.) To analyze property transferred to an insider, the trustee will look back one year. If you have transferred property to an insider within a year prior to filing, the trustee might try and undo the transaction. For creditors that are not insiders, the trustee will look back six months from the time of filing to analyze property transfers.

Contact a Jacksonville bankruptcy attorney today to assess your individual situation to see whether a trustee is likely to undo an insider transaction.

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