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Should a debtor sell non-exempt assets in order to purchase exempt assets prior to a bankruptcy?

April 26, 2017assets Bankruptcy debtor exempt non-exempt prior purchase sell

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Should a debtor sell non-exempt assets in order to purchase exempt assets prior to a bankruptcy?

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This is a form of exemption planning. Exemption planning is not prohibited per se, but problems can arise. A debtor would be advised to consult an attorney prior to proceeding.