Legal Question in Bankruptcy in Florida
I own a second residence in Florida. I am considering personal bankruptcy. I know that my primary residence is safe. I am considering putting my daughters name on the second residence so it will not be impacted.
How long must I wait before declaring bankruptcy so the second residence will not be lost?
Asked on 12/14/09, 2:33 pm
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Generally speaking, one year, but you should consult with a bankruptcy lawyer and describe your entire situation before making any decision to transfer a major asset to a relative before filing bankruptcy.
Answered on 12/22/09, 7:38 am
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