Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
The bankruptcy trustee can avoid your boyfriend's quitclaim and seize his interest in the home. However, if the home has less than $125,000 net equity, then it is exempt from sale during bankruptcy. So there is no reason to transfer his ownership to you, because the house is not at risk.
Your boyfriend should discuss any proposed transfer of assets with his bankruptcy attorney, because generally, most transfers made without receiving "reasonably equivalent value" in exchange, will be deemed fraudulent by the bankruptcy court.
Terms and Conditions: By your continuing in this conversation with me, or by your clicking "Accept", you are expressly agreeing to all of the following: (1) our communication is for entertainment purposes only; (2) you are not consulting me in my professional capacity as an attorney; (3) you do not seek to establish an attorney-client relationship with me, nor do I with you; (4) you will not rely on anything I say and you will obtain appropriate legal counsel via a traditional/office consultation with an attorney licensed to practice in the jurisdiction where your legal issue arises (and you may not use our communication to avoid taxpayer penalties imposed by the U.S. Dept. of Treasury); (5) by communicating with me in this public forum you are irrevocably waiving any right to privacy, confidentiality and attorney-client privilege concerning the matters discussed. You further separately declare that any payment made by you is not consideration for this contract, nor offered for any services rendered by me on your behalf, but rather is made in genuine admiration and respect for my desire to help others. If you do not agree with these terms and conditions, then you must advise me immediately.