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On Feb. 4, the Ninth Circuit U.S. Court of Appeals, in a 2-to-1 opinion, affirmed a long-standing pre-bankruptcy planning strategy of converting non-exempt assets to exempt assets shortly before filing a petition in bankruptcy, In re Steven H. Stern . This decision will give comfort to attorneys who represent individual debtors and advise their clients to follow the above strategy.
March 19, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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