How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ellen Your Own Question
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
Type Your Bankruptcy Law Question Here...
Ellen is online now
A new question is answered every 9 seconds

Is it permissible for a relative to give me money prior to

This answer was rated:

Is it permissible for a relative to give me money prior to actual discharge of bankruptcy? Filed in April and trustee hearing was concluded in May 2011.

Thank you for your question. I will strive to provide you with legal information to assist you. If my answer is not clear to you, I encourage you to ask me for clarification by using the reply button.

Assets in a bankruptcy are determined as of the date of filing the petition. Therefore your relative can gift you money after filing. That said, it is always safer to wait until discharge rather than risk an investigation
Ellen and 3 other Bankruptcy Law Specialists are ready to help you