Prebankruptcy Planning
Legal definition for Indian law research
Definition
prebankruptcy planning
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: Administrative Office of the U.S. Courts
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.