Pursuant to 11 U.S.C. § 548(a)(1)(B) the trustee can avoid certain transfers made within two years before the petition filing date.
In a chapter 7 bankruptcy, typically, the only hearing you will attend is the 341 hearing. This happens about 4-6 weeks after your case is filed.
Both the Bankruptcy Code and Minnesota State law prohibit certain types of transfers of money or property made by the debtor prior to the filing of their bankruptcy case. These prohibited transfers are “avoidable” by the bankruptcy trustee. This means that the Chapter 7 trustee can avoid or undo the transfer by demanding the return of the transferred property from the person or entity to whom the transfer was made, and the trustee can even bring a lawsuit against that person to enforce their legal right to the return of the property.
Pursuant to 11 U.S.C. § 548(a)(1)(B) the trustee can avoid certain transfers made within two years...
In a chapter 7 bankruptcy, typically, the only hearing you will attend is the 341 hearing. This...
Both the Bankruptcy Code and Minnesota State law prohibit certain types of transfers of money or...
