Don't Create A Fraudulent Transfer Situation With Your Bankruptcy

If you have considered a chapter 7 bankruptcy filing, you might be blissfully unaware of how your actions prior to the filing could come under scrutiny. When you file your federal paperwork, the bankruptcy trustee (who administers your case) has the power to take total control of your financial situation. The trustee will become involved in what you own, what you owe, and even events that transpired before you filed bankruptcy.