prebankruptcy planning

prebankruptcy planning
prebankruptcy planning
The transmutation of a debtor's property in an effort to maximize the benefits afforded by the exemption statutes. Prebankruptcy planning typically includes converting nonexempt assets into exempt assets (SA-Bankruptcy.com)

The arrangement (or rearrangement) of a debtor's property to allow the debtor to take maximum advantage of exemptions. (Prebankruptcy planning typically includes converting nonexempt assets into exempt assets.) (BankruptcyAction.com)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • pre-bankruptcy planning — The transmutation of a debtor s property in an effort to maximize the benefits afforded by the exemption statutes. Prebankruptcy planning typically includes converting nonexempt assets into exempt assets (SA Bankruptcy.com) The arrangement (or… …   Glossary of Bankruptcy

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