- 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.
Eliminate small business debt and personal liability
New Subchapter V Saves Local Trucking Company The case referred to above was filed shortly after the new law went into effect and was recently confirmed as a Consensual Plan
November 16, 2020