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ABI Journal

522

Bankruptcy Code
Bankruptcy Code
Topics
Convicted Criminals or Criminal Tortfeasors May Lose Discharge and Exemptions in Bankruptcy

Aug 2022

Bankruptcy Code
Bankruptcy Code

Fraudulent Transfers to Revocable Trusts May or May Not Zap Homestead Exemptions

In Ohio, the debtor won’t lose the homestead exemption by transferring a home to a revocable trust.

Debtor Can’t Avoid and Preserve a Lien for Tax Penalties for the Debtor’s Benefit

A trustee can avoid and preserve a tax lien for the benefit of unsecured creditors, but a debtor can’t if the debtor hasn’t paid the taxes, the Ninth Circuit says.