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Bankruptcy Exemption Planning: What to Do or Not To Do (Part 2)

Lewis Roberts, Florida Bankruptcy Lawyer2013-12-19T12:50:06-05:00

This is the second installment of bankruptcy exemption planning and more things to do or not to do before filing bankruptcy. I will also focus on how your bank accounts can be affected by bankruptcy. Your retirement accounts are usually exempt from all creditors. So before you start taking money out of those accounts in an attempt to pull yourself out of debt, you should consult with me. I have seen people drain their retirement [...]

Bankruptcy Exemption Planning: What To Do or What Not To Do

2017-01-20T00:06:01-05:00

I will be discussing some things to do and not to do before filing bankruptcy. Or, it can be considered exemption planning. First thing not to do before filing bankruptcy - pay friends or relatives money that you owe them. This is called a preference. You cannot choose to pay your friends or relatives back money that is owed to them in preference to all of your other creditors. In the eyes of the bankruptcy [...]