Bankruptcy: What Is A Transfer? Maryland Bankruptcy Attorney

Thoughts from a Maryland Bankruptcy Lawyer

Some transfers may be set aside by a bankruptcy trustee. Sometimes bankruptcy courts need to decide if a particular financial transaction was in fact a transfer. Generally, the courts will focus on whether that transaction reduced the net value of the property available to pay the debtor’s creditors. If so, then that was a transfer. The focus will then shift to whether the debtor received anything of adequate value in exchange for that transfer.

These are thoughts from a Maryland Bankruptcy Lawyer

Ronald J. Drescher
Drescher & Associates, P.A
4 Reservoir Circle
Suite 107
Baltimore, MD 21208
(410) 484-9000
Fax (410) 484-8120
Rondrescher@Drescherlaw.com

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Practicing in Maryland, Delaware, Virginia, Pennsylvania