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

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 »

How to Transfer Property Into a Living Trust?

You may wonder what you may do with a living trust and, quite frankly, why to bother. A living trust is revocable during the settlor's lifetime. You, the person who created the trust, are the "sett... Read More »