If X had transfered his House to his Daughter (major,unmarried) b4 filing for bankrupcy....can the Reciever claim that House on behalf of the Banks frm whom X had taken Loans?????
Pls reply, its Urgent...
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Bankrupcy
Replies (2)
I think Receiver can do so, if the house is transferred after the loan and X has applied for bankruptcy withing 6 months of transfer.
The transfered property is subject to attachment and such transfers are not considered as transfer due to the fact that these are some of the tacktics applied by the Bankrupt to avoid attachment.
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