I am in the process of filing for chapter 7 bankruptcy. My girlfriend and I are also trying to buy a house. She has all of the money for the house. We are going to pay cash. All of the debt that I am declaring bankruptcy on is mine. I haven’t used a credit card in nearly a year, but am still buried in debt.

How soon after declaring bankruptcy can I own property? We would like to put my name on the house at some point, but don’t want it to look like we have been hiding assets.

Generally speaking, any property you receive in the year following your bankruptcy is considered part of your bankruptcy estate and can be sold to satisfy your creditors. This is why on you are asked about property, gifts, estates, financial awards, etc that you expect to receive in the next year during your bankruptcy. It’s similar to a tax return or inheritance, if you are expecting money or property that can be sold for money, your creditors are entitled to it as payment for your debts. It’s best to speak to a local bankruptcy attorney if your area to determine the best time to buy property in your name, especially if you are paying cash.