prebankruptcy planning

Definition of "prebankruptcy planning"
  1. A strategy wherein a debtor reorganizes their assets to maximize the use of exemptions prior to filing for bankruptcy
How to use "prebankruptcy planning" in a sentence
  1. Prebankruptcy planning helped her protect her retirement fund.
  2. Reliable prebankruptcy planning can help secure exempt assets for future use.
  3. A lack of suitable prebankruptcy planning led to a loss of his personal property.

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