Photo by Clem Onojeghuo on Unsplash If you’re even considering bankruptcy, consider taking some actions which seem to go against common sense, including about your possessions. Last week we made the point that if bankruptcy is even a possibility for you, please quickly get legal advice. We said when considering bankruptcy you should get legal advice to find out: if … Read More
If you owe “priority” debts like income taxes and/or support payments, you may be able to pay no more while protecting a transferee.
Selling or giving away something to prevent your creditors from getting it may make a certain amount of sense but could be very dangerous.
Which assets that you sell or give away before filing bankruptcy will be a problem, and which won’t?