Bill has approached you, a bankruptcy paralegal, and has told you that he wants to file bankruptcy within the month. He also tells you that he just deeded his house over to his friend Chris, so he won’t have to worry about any creditor getting his house. What advice do you give to Bill?
What will be an ideal response?
Bill should be advised to contact an attorney. The bankruptcy trustee has the authority to set aside any fraudulent conveyances made prior to the filing of the bankruptcy petition.
You might also like to view...
When this type of trust is established, the trustor intends to retain the income for his or her lifetime for him or herself or a beneficiary of the trustor’s choice, and upon his or her, or the beneficiaries death, the principle remaining in the trust is distributed to an already named charity.
a. Public trust b. Charitable lead trust c. Charitable remainder annuity trust d. Charitable remainder trust
Under the fifth and/or sixth amendment, a person has the right to counsel during each of the following stages EXCEPT:
A) guilty pleas and sentencing. B) appeals as a matter of right. C) misdemeanor trials when imprisonment is actually imposed. D) appeals to the Supreme Court.
Megan voluntarily receives aid from Mary Elise after slipping on ice outside a department store. Megan later tries to sue Mary Elise, claiming that Mary Elise injured Megan's shoulder when she helped her up from the ice. Mary Elise is probably protected by which of the following??
A. ?Good Samaritan statutes B. ?The USA Patriot Act C. Good Deed statutes? D. ?Good Person statutes
The durational requirement for divorce on the grounds of abandonment is _____________________.
Fill in the blank(s) with the appropriate word(s).