“Prebankruptcy planning”

This page presents an official legal definition of “Prebankruptcy planning” from a government source. Additional definitions will be added as jurisdictions publish them.

Jurisdiction: United States United States

The arrangement (or rearrangement) of a debtor's property to allow the debtor to take maximum advantage of exemptions. (Prebankruptcy planning typically includes converting nonexempt assets into exempt assets.).

Source: Glossary of Legal Terms, United States Courts