Until and unless there is a court order (e.g. an injunction) restricting your ability to sell assets or spend money, you may do this. If and when there is some kind of order, then if you violate it, you could be penalized by the court--potentially with imprisonment for contempt of court, in egregious cases.If you transfer assets in a fraudulent transaction (e.g. "sell" your for far below market value to a relative, who will still let you use it), that particular transaction can potentially be set aside, so to avoid future legal entanglements, engage only in legitimate, fair market value, "arms length" transactions.Be aware that even ifyou can't pay a judgment (assuming creditors sue you and win) immediatley, they can try to enforce that judgment for many years, so if you later come into money, it will be at risk. Also your credit will be affected by the default on the judgment.