Intention does not matter under the bankruptcy code. Under many
states’ laws a transfer to a relative for less than fair value creates
a rebuttable presumption of fraud. There is no such rebutting under
548, where the transfer for less than fair value while insolvent is
avoidable regardless of intent. The point is the transferee got [...]
The original post is at Texas Bankruptcy Notes
I’m working on a soon to be filed Chapter 7 bankruptcy. My Dallas client, single, had a consensual relationship from which a son was born. He is 10 yrs. old. They terminated the relation in a friendly manner and agreed verbally to his support, my client is …
The original post is at Bankruptcy Information Dallas
Client has contacted me regarding the filing of a Chapter 13 bankruptcy case. He was married in Oklahoma City. He and his wife divorced in the Dominican Republic. He has a Dominican “certificate of divorce.” He was referred to me by another attorney who thought he was still married in the US and thus could do a joint case. He and his wife live apart, are both in Oklahoma and are on good terms. They want to save a house from foreclosure. Both need a bankruptcy filed here in OKC and finances are tight, thus the their inquiry regarding a joint bankruptcy case.
The original post is at Oklahoma Bankruptcy News