Go to navigation Go to content
Toll-Free: 1 (800) 619-8991
Phone: (952) 388-2942

Which transfers can be avoided?

Generally, a debtor or trustee can avoid transfers made in the ninety days before the filing of the bankruptcy case. However, this time period extends back to one year before the case for transfers made to “insiders” (family members and business partners or officers of the debtor). Insiders generally share money with the debtor, either by familial or business relationships. Therefore, a large payment to an insider could end up back in the debtor’s hands and thereby function as an evasion of fair bankruptcy distribution procedures.

Barry Rosenzweig
Connect with me
Barry Rosenzweig, has 25 years experience as an attorney helping clients solve their legal problems.