PREBANKRUPTCY PLANNING

pre-bankruptcy planning: The transmutation of a debtor's property in an effort to maximize the benefits afforded by the exemption statutes. Prebankruptcy planning typically includes converting nonexempt assets into exempt assets (SA-Bankruptcy.com)
The arrangement (or rearrangement) of a debtor's property to allow the debtor to take maximum advantage of exemptions. (Prebankruptcy planning typically includes converting nonexempt assets into exempt assets.) (BankruptcyAction.com)