Sebastian Explains Why Selling Property for Less Than Market Value Before Bankruptcy is A No-No

If a debtor sells property for less than full market value before filing bankruptcy, the law considers this a form of theft from the bankruptcy estate: the Bankruptcy Trustee could have sold it for more money to pay off the debtor’s creditors. But, sometimes Sebastian the Feline Paralegal’s explanations for boring (but important) aspects of bankruptcy are more fun to read than mine.

September 3, 2021

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