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Community Property Brain Teaser
Only the $8,000, yes.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem
500 N. Brand Blvd., #460, Glendale, CA 91203
Tel: 818-507-6000 Fax: 818-507-6800
* Personal & small business bankruptcy specialist cert. by State Bar of
CA Bd of Legal Specialization.
Sent: Thursday, April 08, 2004 10:09 AM
To: cdcbaa@yahoogroups.com
Subject: [cdcbaa] Community Property Brain Teaser
Wife files Ch. 7 and uses 704 series exemptions to protect equity in
home. One month before the filing, Husband had $12k in his checking
account. He used these funds to catch up on the mortgage and
property taxes, and sent approximately $8,000.00 to his credit card
holder's so that he would have "perfect credit". Question: could
the Ch. 7 trustee go after the $8k as a preference? Only reason we
care is because husband was opposed to wife's filing and would be
very angry if the trustee moved for the return of his payments to
his creditors.
thanks everyone.
Ty Takeuchi
Yahoo! Groups Links
The post was migrated from Yahoo.
Wife files Ch. 7 and uses 704 series exemptions to protect equity in
home. One month before the filing, Husband had $12k in his checking
account. He used these funds to catch up on the mortgage and
property taxes, and sent approximately $8,000.00 to his credit card
holder's so that he would have "perfect credit". Question: could
the Ch. 7 trustee go after the $8k as a preference? Only reason we
care is because husband was opposed to wife's filing and would be
very angry if the trustee moved for the return of his payments to
his creditors.
thanks everyone.
Ty Takeuchi
The post was migrated from Yahoo.