Fraudulent Bankruptcy Transfer

A fraudulent bankruptcy transfer, or a transfer of property by a debtor in order to avoid the consequences of bankruptcy on that property, usually will be overturned, or cancelled, by the U.S. Bankruptcy Trustee. This means that the U.S. Trustee can force the return of the property to the debtor, who must then forfeit the property to the U.S. Trustee. In turn, the U.S. Trustee will liquidate the property, and use the proceeds from the liquidated property to pay toward the debtor's debts. The U.S. Trustee typically can invalidate fraudulent bankruptcy transfers if they occurred within ninety days of the debtor's initial bankruptcy filing, and for up to one year prior to the bankruptcy filing if the transfer involved giving or selling property to a family member or relative.

Fast Facts

    Chapter 11 bankruptcy is typically utilized by businesses.
  • Chapter 12 bankruptcy is specifically for farmers and fishermen.

fraudulent bankruptcy transfer - Lawyers, Articles and Q&A

Search Results for "fraudulent bankruptcy transfer"

Articles

Results 1-5 of 44 for "fraudulent bankruptcy transfer"

Q&A

Results 1-5 of 7 for "fraudulent bankruptcy transfer"

Lawyers Near You

Type of Lawyer:
Bankruptcy change
Serving:
Los Angeles, CA change

View All

LA-WS5:0.9.17.120208.12696+