How 11 U.S.C. § 548 applies in Illinois — federal bankruptcy law, Illinois district data.
Transfers made within 2 years of filing (10 years for self-settled trusts) with actual fraudulent intent — or made for less than reasonably equivalent value while insolvent — can be avoided by the trustee and the property recovered. Common triggers: deeding the house to a family member to "protect" it before filing.
Districts covered: N.D. Ill., C.D. Ill., S.D. Ill..
The rules above are federal — they apply identically in every state. What varies by state is exemptions (§522), median income thresholds (means test), and case-law interpretations of ambiguous terms. For a Illinois-specific answer, check the screener or consult a local attorney.
Check §548 Fraudulent Transfers against your case →