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Bankruptcy

: The Debt Podcast

Avoiding probate with property transfer costly in bankruptcy

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Do it yourself transfers of real estate to the younger generation can result in the loss of the family home in bankruptcy. One of the powers granted Chapter 7 trustees is standing as a bona fide purchaser for value (b.f.p.).  That’s legalese for an innocent buyer  who has no reason to know that title is [...]

Full post as published by The Debt Podcast on March 11, 2009 (boomark / email).

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