Legal Question in Credit and Debt Law in Ohio

can i sell my estate

can i sell my home which is paid off and my cars,to my family ,so debt collectors can not put a lein on them? thank you for your vauble time.


Asked on 12/02/06, 4:37 pm

1 Answer from Attorneys
Gregg Manes Gregg A. Manes, Esq.

Re: can i sell my estate

YES, YOU CAN SELL YOUR ESTATE TO FAMILY, HOWEVER, A CREDITOR WILL PROBABLY LOOK PAST THIS TRANSACTION AND CLAIM THAT IT IS A FRAUDULENT TRANSFER. IF YOU SELL YOUR ASSETS, IT SHOULD BE AN ARMS LENGTH TRANSACTION. AT THAT POINT YOU WILL HAVE CASH WHICH IS EASIER TO ATTACH THAN THE OTHER ASSETS. THEREFORE, WHAT HAVE YOU GAINED.

GOOD LUCK!!!!

GREGG MANES

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Answered on 12/03/06, 1:13 am


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