When Asset Protection Crosses the Line: Marriage, Bankruptcy, and Fraudulent Transfers
Facing mounting financial pressure and headed toward bankruptcy, Lucas Albrecht attempted a strategy that initially appeared straightforward. He and his longtime domestic partner, Kirsten Moore, owned a home in Raleigh valued at approximately $420,000. Before their marriage, the property was held as joint tenants—meaning his ownership interest could potentially be reached by creditors. Shortly before filing for Chapter 7 bankruptcy, the couple married and then transferred ownership of the home into a tenancy by [...]