Legal Question in Bankruptcy in Virginia

Adding new wife to deed

I'm considering filing business & personal bankruptcy in VA. I was recently married overseas and my wife joined me here at the end of last year and is still waiting for a social security number, making it impossible to add her to my bank accounts, insurance, etc. When she gets the number and has official I.D.s, can I still add her to the deed of my condo, creating a tenancy in the entirety, or will doing so cause problems?


Asked on 9/04/05, 3:33 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Re: Adding new wife to deed

Conveying property in this manner is doable, but creates a fraudulent transfer that can be undone by the trustee, and if done with fraudulent intent (to protect the asset from creditors), can result in denial of discharge. See a competent bankruptcy lawyer IMMEDIATELY (do not wait, as the new anti-debtor bankruptcy law kicks in on 10/17).

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Answered on 9/04/05, 7:24 pm


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