Is Property in a Trust Safe From Bankruptcy?

Answer There are many different types of trusts, and whether trust property has protection from bankruptcy depends on the type of trust. The broad category types of trusts that have issues with bankruptcy... Read More »

Top Q&A For: Is Property in a Trust Safe From Bankruptcy

Are federal retirement annuities safe from bankruptcy?

One of the ultimate goals of seeking bankruptcy protection is to attempt to protect as many of your assets as possible. If you contemplate filing for bankruptcy, you may wonder whether federal reti... Read More »

Can a passive trust declare bankruptcy?

A passive trustee has no rights to property other than to transfer that property to the beneficiary. He is not allowed to declare bankruptcy on the property. Only the owner of the property can lega... Read More »

How to File for Bankruptcy When a House Is in a Trust?

Filing for bankruptcy, whether it be Chapter 7, 11 or 13, can be an arduous task even without having complex property holdings. However, the task of prime importance in bankruptcy is to disclose al... Read More »

California Bankruptcy in Brief & Spendthrift Trust Laws?

A Chapter 7 bankruptcy case can move quickly in California. You could receive a discharge of your debts in as little as two months. The length of time it takes to receive a discharge can depend on ... Read More »