Alabama  |  Bankruptcy

Legal Question

Asked on: 6/03/12, 10:22 am

I own a house that is worth no more than $10,000. If I sell this house and use the proceeds to pay last year's federal income taxes and for my child's orthodontic treatment, and then file Chapter 7 bankruptcy within 6 - 12 months, will the real estate transaction be retroactively set aside by a bankruptcy trustee as unfair to other creditors?

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