Transfer of property before filing for bankruptcy

When you are considering filing for bankruptcy, one of the things you will need to think about is whether or not you have transferred any property in the last few years. If you have, it is important to know that there are certain rules and regulations regarding this type of transfer.

If you have transferred any property within the last year or so, it is important to know that this may be considered a "preference payment." This means that the person or entity to whom you transferred the property may be required to pay back some or all of the value of the property to your bankruptcy estate.

There are also certain types of transfers that are exempt from this rule. For example, if you have transferred property to a spouse or child, it is generally exempt from being considered a preference payment.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706