goo - you are not in any trouble. the house can be in your name. only thing is to get it transferred fast.

question - how much does he owe the bank for his credit card? i believe they can only sue for bankruptcy if the amount is more than 30k. once he is made a bankrupt, he can no longer legally sell any property.

if the amount is for less than 30k, the bank will take judgement against him, and then if he doesnt pay, lelong his property to settle.

do find out what is the status of the bank's legal action, and the amount they are claiming.

also, you say that you are now owing any money to banks on the shop. this will make the transfer move faster. but if it is leasehold, consent will be needed.

is the shop leasehold or freehold, and which state is it in? also is the individual title out?