3 ms·
Yeah but there are limits. If I'm about to go bankrupt and I sell my $700k house to my brother for $150k, the trustee isn't going to let me get away with that.
by learc83 7y ago
Yeah but there are limits. If I'm about to go bankrupt and I sell my $700k house to my brother for $150k, the trustee isn't going to let me get away with that.
- Phlarp 7y agoThose limits are dynamic based on connections / how many white shoe lawyers you are willing to fund. An established real estate family will have plenty of room to shuffle assets and credit lines around in a favorable way within those limits... for a generation or two.