Legal Question in Bankruptcy in Florida
Exemptions
I have given my vehicle to my mother as a gift. Is it legal in Florida when filing for Chapter 7, to give a vehicle to a family member as a gift prior to retaining counsel and/or filing? The approximate value of the vehicle is $1,500 - $2,000. I am considering filiing in the next 30-60 days.
Asked on 6/11/04, 3:13 pm
1 Answer from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: Exemptions
It is legal to give the gift. However, it may be subject to being set aside by the Trustee in Bankruptcy as a fraudulent transfer.
I suggest you consult with competent counsel.
Answered on 6/11/04, 4:44 pm
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