My attorney decided he doesn't want to take my case!

[want2save]

Hmmmm. maybe spend this much time and effort figuring out how to earn a huge income and not have to file BK at all?!?!? :-)

[AngelinaCatHub]

Hmmmm. maybe spend this much time and effort figuring out how to earn a huge income and not have to file BK at all?!?!? :-)

Thank you. He is either brilliant at fraud, or just "having fun". The having fun part of this penalizes others in our good time and willingness to help those who came after us. 'Hub

[DeadManCrawling]

One thing to note, though, that is of importance:

In at lease ONE state, it IS perfectly legal to convert nonexempt assets into exempt assets up until the day before filing. It is very specific though:

Florida law holds, according to many decisions, and one fromt he FL Supreme Court, that you can add nonexempt assets to your homestead, up until filing, and still enjoy the unlimited homestead exemption.

This is current as of Oct 2009, and is subject to ongoing litigation that may change things.

In fact, it is even okay if you are doing it with SOLE INTENT to DEFRAUD creditors. In other words, putting money into your homestead to keep it from them.

Like I said, challenges are in the system, but this is how things stand now. The only things you could not get away from in this scenario are things like criminal prosecutions and being found guilty of crimes like money laundering and insider trading. THAT money would be taken back.

Also, you must be a Florida resident, have maintained a homestead here for the previous 2 years, or your exemption is limited to 130k for homestead.

SW, the OP, though, I think is in Louisiana. I suspect he misread some Florida court cases and interpreted that to mean it worked anywhere.

[Flamingo]

This thread has been closed for obvious reasons...