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When you sell has little to do with the ability to file. What will matter is what happened to the proceeds from the sale and how far back it took place? The trustee in a bankruptcy can reverse a sale or otherwise take steps to seize the proceeds so they can be used to pay the creditors. If the seller sold the building for a fair price (arms length transaction) and there was no profit after paying off debts secured by the property then there is little to be concerned about in terms of when the property was sold. Best to speak with a bankruptcy attorney as to the general guidelines and the specifics for the situation.

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17y ago

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