Michigan  |  Bankruptcy

Legal Question

Asked on: 2/16/13, 3:28 pm

I am thinking about filing for personal Bankruptcy ,is there any way to save my home

Does LLC protect it?

2 Answers


Answered on: 2/16/13, 3:42 pm by Thomas R. Morris

Your question presents a broad set of issues and cannot be answered in this format. You need to consult with a bankruptcy attorney or narrow your questikn by presenting a set of facts.


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Silverman & Morris, P.L.L.C. 30500 Northwestern Highway, suite 200 Farmington Hills, MI 48334

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Answered on: 2/18/13, 7:21 am by Charles Schneider

It is probably not a good idea to transfer your residence to an LLC as it might be considered a fraudulent conveyanceand will not protect your residence from a trustee. Attempting bankruptcy planning to keep assets requries experienced counsel.


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Charles Schneider, P.C. 39319 Plymouth Rd. Ste 1 Livonia, MI 48150m

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