Legal Question in Bankruptcy in Michigan

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

Does LLC protect it?

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

2 Answers from Attorneys

Thomas R. Morris Silverman & Morris, P.L.L.C.

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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Answered on 2/16/13, 3:42 pm

Charles Schneider Charles Schneider, P.C.

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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Answered on 2/18/13, 7:21 am

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