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


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 [...]