Transferring Assets and Bankruptcy – Like Oil and Water, They Don’t Mix Well


Never, ever transfer an asset prior to filing bankruptcy - or definitely not before talking to me. Transferring the title to your Harley to your cousin Mike or your boat to your best friend Bob does not protect the asset from the trustee. Likely, you made it impossible for me to help you keep it. Sometimes it is referred to as a "fraudulent conveyance". This can me one of two things, or both. First, a debtor [...]