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Bankruptcy in PA Pennsylvania

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  • acc716
    started a topic Bankruptcy in PA Pennsylvania

    Bankruptcy in PA Pennsylvania

    I have to go bankrupt. I have land (1 acre). I was told that I have to put it in trust for someone before I go bankrupt or else I can loose it. If this is true, is there a time frame involved. Do I have to put it in trust for someone then not go bankrupt for another 3 months?

    Thank you

  • Betty3
    replied
    "Generally," you can't do this within a year of filing bankruptcy (putting an asset where creditors can't get it).

    You need to talk to a bankruptcy attorney & let him know what you want to do & before filing bankruptcy.

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