Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
This is not a good idea. There is a law known as the fraudulent transfer act, which allows creditors to reverse any transactions a debtor makes to attempt to hide or secure assets from collection or attachment by a creditor.
This is generally not considered a criminal act, but a civil one.
it may not be a good idea but what can the bank do?
what happens if i refuse to reverse the tranaction?