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If she is about to file BK, then her interest in the property MUST be included in the petition as an asset. If there is enough equity, a BK trustee might even seize and sell the property- giving you your share of the money and after paying your friend the property exemption amount, keeping the remainder to pay off creditors. There is a possible defense called "bare legal title" but it would be up to your friend to prove he has no real possessory interest. Dont do it.

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Q: Can a friend be added on the quitclaim if she is filing for chapter 7?
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