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Can I put my assets in someone else’s name before filing for bankruptcy?

Can I put my assets in someone else’s name before filing for bankruptcy?

: Richard West Law Office

Is a bad idea to make any changes in your financial circumstances before consulting an attorney. Putting an asset in someone else’s name before filing for bankruptcy can cause that other person to be sued, and you would lose exemptions that you might otherwise be entitled to. Often times, it is not necessary to put property in someone else’s name in the first place because the property is protected while it is still in your name. That’s why it’s so important to consult with a bankruptcy attorney before you take any actions to change any of your financial circumstances if you think you might need to file a bankruptcy case.

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