If someone asks you to hold assets during a bankruptcy filing, is that a criminal or civil act?
To follow, what is the impact on the individual who holds such assets? (I can find plenty of information on the penalites for the person filing bankruptcy, but nothing definitive for the person holding the assets.)
(To set your minds at ease, I am not considering doing this, but the question of civil/criminal was a topic of conversation over the weekend.)
To follow, what is the impact on the individual who holds such assets? (I can find plenty of information on the penalites for the person filing bankruptcy, but nothing definitive for the person holding the assets.)
(To set your minds at ease, I am not considering doing this, but the question of civil/criminal was a topic of conversation over the weekend.)
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