Frank is planning to file a petition for bankruptcy relief, and he does not want
ID: 377984 • Letter: F
Question
Frank is planning to file a petition for bankruptcy relief, and he does not want to lose some of his assets in the proceeding. He decides to give these assets to Harry, planning to get them back after the proceeding is completed.
Assuming that the trustee learns of this conduct, what result?
Question 17 options:
The trustee can recover the assets from Harry, if Harry is a member of Frank's family.
The trustee can recover the assets from Harry.
The trustee cannot recover the assets from Harry, the transfer took place before the petition was filed.
The trustee cannot recover the assets from Harry unless Harry has also filed a petition for bankruptcy relief.
The trustee cannot recover the assets during the proceeding, but Frank cannot recover them from Harry after the proceeding.
The trustee can recover the assets from Harry, if Harry is a member of Frank's family.
The trustee can recover the assets from Harry.
The trustee cannot recover the assets from Harry, the transfer took place before the petition was filed.
The trustee cannot recover the assets from Harry unless Harry has also filed a petition for bankruptcy relief.
The trustee cannot recover the assets during the proceeding, but Frank cannot recover them from Harry after the proceeding.
Explanation / Answer
answer: in this cas trustee cannot recover the assets from harry, the transfer took place before the petition was filed.
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