Such transfers are not effective to put your
assets beyond the reach of creditors and bankruptcy trustees.
Worse, such action may lead to the denial of your
discharge (11 U.S.C. 727).
bankruptcy trustee can recover assets transferred within one
year of the bankruptcy filing where the debtor did not get
reasonably equivalent value for the asset, or where the transfer
was made with intent to hinder creditors. The "look back"
period may be even longer under the law of your state, giving
the trustee that same state law look back period in which to
If you have more assets than you can protect
with the available exemptions, consider filing Chapter 13 where
the debtor generally keeps all of their property and "buys back"
the non exempt value from the creditors through payments to the
Chapter 13 trustee out of future income .