Has anyone heard of any cases where a creditor or the trustee objects to purchases made over 1 yr prior to filing?
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I personally have not, but anything they suspect foul play they will investigate. Is there something they might find!
A lot of the time, I have noticed that they have so many cases to deal with that some things they just don't have time to look into. If it is more than a year you should be fine, but you never know. They asked me for three months of statements, so anything older than that is likely safe.
New Orleans: Home to the World Champion Saints, the biggest enviromental disaster and the biggest natural disaster in the history of this nation. Proud to call it home! -
I've heard of real estate transactions traced back much further (though being questioned doesn't necessarily bring an "objection".) That's it.
Technically 12 months is not a safe harbor, but does seem to be a rule of thumb. As for creditors, I'm sure there are circumstances egregious enough to get them to look back farther, but I'm also pretty sure it would have to be fairly extreme.12/2009 Stopped paying CCs; 3/10 1st suit;
8/2010 finally served; No Asset 7 filed. 11 mos since last bal xfer
9/22/10 60 day club; 9/24/10 report of no distr; 11/23/10 DISCHARGED
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