Can I give my assets to my wife and then file bankruptcy?
Asked on 4/09/10, 10:18 am
2 Answers from Attorneys
Jonathan Shimberg
Shimberg and Crohn, P.C.
No. That's a fraudulent transfer. It might even be a fraudulent transfer in a divorce context.
Answered on 4/14/10, 12:12 pm
Frank Vosholler
Law Office of Frank L. Vosholler III
What Jon says is absolutely correct. If you were to transfer assets, the trustee can still go after the property even if assets changed hands legally.
Answered on 4/14/10, 8:35 pm
Related Questions & Answers
-
Does a repo man have legal rights to my car, even though I'm paying what I can... Asked 4/07/10, 4:16 pm in United States Illinois Bankruptcy Law
-
Does a "Reverse Mortgage" affect filing Chapter 7 Bankruptcy? If so, how... Asked 4/03/10, 6:29 am in United States Illinois Bankruptcy Law
-
Currently I am involved in a lawsuit that I can no longer pay to have... Asked 4/02/10, 9:42 am in United States Illinois Bankruptcy Law
