by Mark J. Markus | Aug 17, 2015 | Bankruptcy Law, chapter 7, debts in bankruptcy, Discharge Issues, preferential payments
Why pay off a credit card or other debts before you file bankruptcy? This would seem to be a counter-intuitive thing to do. After all, you’re filing bankruptcy presumably because you need to eliminate debts. But many debtors choose to pay off some of their...
by Mark J. Markus | Nov 21, 2013 | Bankruptcy Law, Bankruptcy Stories, chapter 7, preferential payments, transfers
There can be serious consequences for repaying relatives before filing a bankruptcy. If you repay your relatives before filing bankruptcy, they may be forced to return that money to the bankruptcy trustee. Timing is everything, so they say, in comedy and believe it or...
