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[an error occurred while processing this directive]Can I hide some property from my creditors?
Much of your assets are always protected from creditors.
There are both state and federal laws which protect certain items you own from seizure. A good example would be retirement accounts such as pensions, IRAs, or 401Ks. These funds are 'exempt', which means that no creditor may take them.
You cannot simply 'give' your non-protected assets to others solely to place them beyond the reach of creditors. You may not defraud the Bankruptcy Court or your creditors; these acts carry serious penalties. Failure to be completely honest with the Bankruptcy Court can result in criminal charges providing for jail time up to 5 years and fines up to $250,000.00.
So there's really no reason to be sneaky-- it is likely that most of your property would be covered by one exemption or another.
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