Asked in Bankruptcy for Montana

Q: Can a person put assets out of bankruptcy in a equity fund with certificates?

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1 Lawyer Answer

Andrew Bresalier

Answered
  • Plantation, FL

A: A: This can be viewed as a “Fraudulent Conveyance with the Intent to Defraud your Creditors” and/or “Conversion of an Unexempt Asset to an Exempt Asset in an Attempt to Defraud your Creditors”. In a Bky a Trustee can consider the transfer void and proceed against the property and/or the new owner.

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