Hi,

Our lawyer seemed to think it would be best if we transferred (to a
relative) or sold a car and a boat (because they wouldn't be exempt)
and then wait at least 90 days before we filed bankruptcy. Would this
be legal? Seems rather strange, but he's the guy in the know right?
On a related note, we sold another car to my brother about 6 months
ago, will that be ok? Lex

I was afraid of that. Let's say we've already transferred the assets.
What would be the outcome of that if we filed?
I suppose they would want the assets as you said, but would there be
other repercussions? How would we fix it? Lex


On Sun, 27 Jul 2003 06:05:52 -0500, "Glen Hughes, CPA"
<glen@glenhughescpa.com> wrote:
It seems to me that you attorney has forgottne one thing. Your relativesare considered insider and that makes it a year instead of 90 days. Theassets that you are talking about will be property of the bankruptcy estateand the Trustee will want them or their value as such.Glen Hughes, CPAwww.glenhughescpa.com