Can i save my assets from bankruptcy by putting them in my wife's name?

Answer by  patti (29325)

You cannot. The court investigates such activities and can deny the bankruptcy application if it is discovered that the petitioner has attempted to defraud creditors. Debtors who have assets are expected to liquidate assets in order to pay their debts.

Answer by  gcmeyer2 (787)

Putting your assets in someone else's name is a tricky ploy. First, if someone can prove that you did that then you could be breaking the law. If it is a joint filing then it doesn't matter.