Legal Question in Bankruptcy in Connecticut
Purchasing of a property less than four years after bankruptcy
My mother transfered her home to my niece, and later had it reverted back to her. A year and a half later, my niece filed bankruptcy. Unbeknown to me, I had been paying all of the bills against the property to assist my mother in maintaining her life style. A couple of years later, the house was transfered over to me, in exchange for life residency, and the continued financial help to allow her to remain there. I am now being sued for the property, and they want to reverse the ownership back to my niece, so that the property can be sold, and her bills from the bankruptcy paid. I have well over $200,000 invested in the house. Is there anything that I can do to prevent this from happening?
2 Answers from Attorneys
Re: Purchasing of a property less than four years after bankruptcy
Yes. You can intervene in the bankruptcy and fight the reversion.
Re: Purchasing of a property less than four years after bankruptcy
If your niece did not have an interest in the home at the time of the bankrtuptcy filing, then the trustee cannot consider it an asset of the estate. If you have an interest in the home, then of course you can defend your rights.
If you need further help, you can email me at [email protected]. I
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