Question Asked...
I understand when you go bankruptcy you must answers questions regarding disposal of assets within the last 5 years? What happens in regards to refiancing a home if it is over 1 year from the time 1 goes bankrupt? My concern is that selling a home is taking equity but so is refiancing?
If you have refinanced you home in the year prior to filing a bankruptcy you will have to disclose to your trustee a) that this took place, and b) what happened to the proceeds of the refinancing. This may or may not have to be disclosed to all the creditors but it is something you should discuss with your licensed trustee prior to filing.