The NACTT Academy offers a comprehensive community for bankruptcy professionals seeking to advance their education in consumer bankruptcy.
ConsiderChapter13.org offers a forum to advance continuing education of consumer bankruptcy via access to insightful articles, informative webinars, and the latest industry news. Join now to benefit from expert resources and stay informed.
These informative sessions are led by industry experts and cover a range of consumer bankruptcy topics.
Written by industry experts, these articles provide in-depth analysis and practical guidance on consumer bankruptcy topics.
The Academy is the go-to source for the latest news and analysis in the Chapter 13 bankruptcy industry.
Another Arrow in the Quiver of the “Less Than Honest Debtor”?
Print This Article
Link to Post:
By Thomas D. DeCarlo, Staff Attorney, Office of David Wm. Ruskin, Chapter 13 Standing Trustee, Eastern District of Michigan (Detroit)
Any attorney who has practiced in the bankruptcy arena for any length of time has encountered the concept of “converting” non-exempt assets into exempt assets. The concept is fairly clear – a person owns an asset for which there is no allowable exemption. The person, usually after meeting with bankruptcy counsel, sells or liquidates the asset, and uses the proceeds to purchase a different, fully exemptible asset. The person then files bankruptcy, claims the asset as exempt, and . . .
It looks like you are not signed in or registered! This content is only available to members.
Or Sign In Below:
Related Articles
Keep Calm and Carry On – Observations Regarding CBRA
An Open Thank You Letter to NACTT – Reflections from a New(er) Trustee: My First Two Years
Credit Scores Trend Upward After Bankruptcy
Disregarding Bankruptcy Protections Can be Costly: How Courts Decide Punitive Damages Awards for Stay Violations
Meet Another Trustee
Who Gets the Trustee’s Fee and When?
Rescuing a Troubled Chapter 13: The Unseen Threat
From the Other Side
Bankruptcy Threshold Adjustment and Technical Corrections Act
ABI Commission on Consumer Bankruptcy – Student Loans – Suggested Statutory Changes