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Disincorporation: Pre-Petition Planning Versus a Harbinger for Disaster

This panel discusses the growing practice of the pre-petition transfer of business assets to insiders to allow for an individual filing, and the resulting issues for the debtor and its creditors. Is it fraud per se, or is it a creative way to get your individual client and their business assets into one case? We discuss this inspired, but precarious, practice.

Northeast Bankruptcy Consumer Forum
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