Full Faith and Credit and Asset Protection Trusts
DLaycock at law.utexas.edu
Fri Dec 24 08:21:35 PST 2004
If it's a Pennsylvania debtor, funding the "Alaska" trust with assets that had no previous connection to Alaska, I would think Pennsylvania law would still apply. I'm certain Pennsylvania has no obligation to recognize Alaska law on those facts. And the Pennsylvania bankruptcy court would do the same.
I have forwarded to a bankruptcy colleague the more legitimate question where there is a Pennsylvania bankruptcy, and a Pennsylvania debtor who happens to own property in Alaska.
From: MSternAJC at aol.com [mailto:MSternAJC at aol.com]
Sent: Thu 12/23/2004 7:54 PM
To: emaltz at camden.rutgers.edu; Douglas Laycock
Cc: conlawprof at lists.ucla.edu
Subject: Re: Full Faith and Credit and Asset Protection Trusts
Would the result be the same in a bankruptcy cassette where a federal bankruptcy court was administering the estate of a Pennsylvanian on behalf of creditors?
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