Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hello and thank you for allowing me the opportunity to assist you.
Question: “My question is there anything i can do , like put a lean on property?”
Answer: No, you won’t be able to put a lien on the house unless you worked on it and were expecting payment, and have not yet been paid. Even then, you’d have to file for the lien within a certain number of days after not being paid (usually about 30), and you’d have to foreclose within a short timeframe (usually 6 months) or the lien is lost.
Your parents can’t convey the property to you unless you pay a fair market value for it because it would otherwise be considered defrauding the creditors.
Your parents could save the property, however, if they file for Chapter 13 instead of Chapter 7, and then in a 5 year period pay the creditors the amount that they would have gotten had the property been sold. Under those circumstances, your parents can keep the property. I hope that’s possible, but I suspect their attorney would have already suggested it. I wish I could offer more help.
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