Can you move your investments to another person and then file bankruptcy? huge medical bills?
had them both asked:
my friends husband is in the hospital right now with no insurance, and do not qualify for medical. she has $85,000 in investments and does not want to lose the money.
my friends husband is in the hospital right now with no insurance, and do not qualify for medical. she has $85,000 in investments and does not want to lose the money.
joseph.hussein.foust:
That would be fraud.
January 1, 2009, 3:31 amkarina:
this would be considered fraud. the courts do examine your bank records.
January 1, 2009, 9:26 amPiggiePants:
Knowingly hiding your assets and filing bankruptcy is considered fraud. Assets are for paying your debts, if you incur them. You can’t have your cake and eat it too.
January 2, 2009, 9:47 amDavid M:
They can’t put you in jail for not paying your bills. They can put you in jail for fraud. What your friend is plotting is fraud. If they have internet access in the prison she goes to, please have her let us know how her scheme panned out.
January 3, 2009, 9:24 pmcrazyjester9:
Possibly. There are lots of methods for hiding/protecting assets that are legal.
Have your friend check around. There are lawyers who specialize in this type of thing.
January 5, 2009, 12:25 pm