CURIOUS

July 28th, 2007 by Questions

I HAVE 2 QUESTIONS

A HOW LONG BEFORE FILING FOR BANKRUPTCY CAN YOU TRANSFER ASSETS TO A RELATIVE AND IT NOT INTERFERE WITH THE FILING.

B CAN YOU AVOID THE WINDFALL OF INHERITANCE IF THE WILL STATES THAT YOU CAN\’T RECEIVE ANY ASSETS UNTIL A CERTAIN AGE WHICH MOST CERTAINLY WOULD BE AFTER THE DISCHARGE OF THE BANKRUPTCY

Questions

One Response to “CURIOUS”



, Barton Goth GCO Bankruptcy Trustees said:

The set time frame varies on a number of things (i.e. if you were techincally insolvent at the time of the transfer) and can be a maximum of five years.

As for avoinding the windfall from an inheritance from becoming property of the estate, there isn’t really any action you can take. If the property devolves on you or is going to devolve on you it is lost.

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