Before you file for bankruptcy, notify your Douglas County bankruptcy attorney of any “gifts” you have handed on to a family member, or business associate.
The people close to you are considered “insiders” under the law. Any discovery of a transfer of funds, or property to an insider within two years of filing may be considered illegal. Some state courts may go back even further to detect any fraudulent transfer. To be on the safe side, consult your Douglas County bankruptcy attorney before bestowing gifts with a value of over $200.00.