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Pastimes : All Clowns Must Be Destroyed
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To: Jack of All Trades who wrote (37293)6/2/2000 2:54:00 PM
From: hdl  Read Replies (2) of 42523
 
under the proposed law, they can claim bankruptcy now, but if they have assets, they can move to Florida, Texas, Iowa, South Dakota or Kansas and buy a house and live in it two years and then file a bankruptcy petition and the house is exempt. under current law, they don't have to wait two years. in either case, there could be a question of whether there is a fraudulent conveyance
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