Legal Question in Credit and Debt Law in Iowa

retitling property

How far in advance does property have to be placed in another person's name for it to be exempt from repossession by the debtors of the original owner?


Asked on 8/22/08, 4:34 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: retitling property

If it is subject to REPO (because the property is covered by a Security Agreement like a car loan or home mortgage) the answer is: It can't be done.

If you are concerned because property could be seized following a judgment, the question is whether the property was transferred with INTENT TO DEFRAUD creditors. If it was given away (especially to a relative or someone over whom the Debtor has CONTROL) you will likely be forced to have the transaction ANULLED.

THis is a complex and fact=specific area of law. Call or email for assistance.

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Answered on 8/22/08, 4:39 pm


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