Wade Law Firm, PLC | Grady Wade
No. But it is possible to transfer non-exempt property into exempt property. You would want to consult a lawyer about pre-bankruptcy planning. It is not an easy answer and depends on the specific property and your ability to transfer it into non-exempt property.
Answer Applies to: Arizona
The Law Office of Mark J. Markus | Mark Markus
Sure, it is possible. It is called a "fraudulent transfer" and the value of the transfer is recoverable from the relative you transferred it to for at least 2 years after the date of transfer under federal law, and up to 7 years under some state law. Additionally, if it can be proven that it was done with intent to hinder, delay or defraud your creditors, it is also a basis to deny your discharge in bankruptcy.
Answer Applies to: California