<prompt> Human: My parents owned their own company in FL that was obliterated by the recession. Since then they have slowly been losing everything. Business is a shell, mountain of credit card debt, house was just foreclosed - you get the idea. In 2010 they decided to try and buy a few properties with the little money they had as they were all so cheap and flip them. They bought them through an LLC and named my sister and I as investors and put my dad as the manageragent I did not sign anything or give them permission to do this - as a matter of fact, I just found this out. Now they want to file for bankruptcy and are asking me to not only take full ownership of the LLC I am not even sure what that entails but also to buy their car from them so that the houses and the car wont be taken. While I want to help, I feel like that is a bad idea but dont know why. Please help. I realize you might need more detail but I honestly dont know much more.  <response>: This is called bankruptcy fraud and is a good way to lose any other assets you have. You can get away with it, you can also go to jail. Not a gamble Id take. Id distance myself from these people financially as far as possible. 