Non-Dischargeable Debts in Bankruptcy
Most debts get written off--discharged--in bankruptcy. The only ones that aren't are specifically listed in the Bankruptcy Code.
Fraudulent Transfers Around the Holidays
Giving a gift, including selling for much less than an asset is worth, may be a fraudulent transfer--treated as hiding assets from creditors.
Timing: Avoiding “Fraudulent Transfers”
Giving a gift, or selling for less than true value, can cause problems when done before bankruptcy, but usually only if the amount is large.
Fraudulent Transfers with Actual Intent to Defraud
Selling or giving away something to prevent your creditors from getting it may make a certain amount of sense but could be very dangerous.
Assets Recently Sold or Given Away
Your assets can include property and possessions that you have sold or given away before filing bankruptcy.
Reasons Creditors Ask for Relief from the Automatic Stay
A creditor might ask to pursue an insurance-paid claim or to finish a lawsuit determining if you incurred the debt through fraud.