Can I Protect My Home Through a Trust Prior to Filing Bankruptcy?

A debtor in a bankruptcy cannot take advantage of state exemptions to shield any asset from bankruptcy, nor can a debtor sell or transfer assets simply to ‘protect’ them.

The Bankruptcy Court can and will review all asset transactions immediately prior to a filing and will disallow obvious attempts to circumvent bankruptcy law.

Further, when a person files bankruptcy,  he or she is signing federal forms acknowledging that all statements made in the forms are truthful. Making false or misleading statements to a federal court is always a poor idea…