- Don’t transfer assets to anyone unless it is a genuine sale for fair value.
- Don’t borrow money without talking to your attorney first.
- Don’t write bad checks.
- Don’t put your money in your children’s bank account.
- Don’t hide assets or debts.
- Don’t gamble.
- Don’t make balance transfers.
- Don’t give of gift property to anyone.
- Don’t misrepresent facts to your attorney.
- Don’t assume you understand bankruptcy fully, ask your bankruptcy lawyer.
Retirement Funds “Safe” in Bankruptcy? Not so fast!
Everyone “knows” 401K funds, IRA’s and other Retirement funds are exempt in bankruptcy, “. . . to the extent that those funds are in a fund or account that is
February 4, 2019
