Transfer of title from parents

[Justin Marschalk]

Is it possible to transfer title of my parents current home into mine and my two brothers names, sell home, then take profit to put a down payment on a 125k home and get mortgage and title in all three of our names? Then we would control bank account that pays the mortgage. They have no income and will be filing chapter 13 bankruptcy which is why they will not qualify for mortgage themselves. We are trying to figure out when and how to file for bankruptcy. Located in St. Louis, MO.