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Why You Should Not Pay Debts Before Filing Bankruptcy

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...

Paying Relatives Before Bankruptcy Is A “No-No” Why You Should Wait

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...

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The Law Office Of Mark J. Markus

2600 W. Olive Ave. Fl. 5
Burbank, California 91505
(P) 818-509-1173

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11684 Ventura Blvd. #403
Studio City, California 91604
(P) 818-509-1173

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Los Angeles, California 90071
(P) 818-509-1173

(E) mark@bklaw.com

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California Bankruptcy Attorney Certified Specialist in bankruptcy law handling exclusively bankruptcy cases since 1991 in Chapter 7, Chapter 11, and Chapter 13. Representation of debtors and creditors in bankruptcy.
This firm is a federally qualified debt relief agency and, among other things, helps people file for bankruptcy relief under the Bankruptcy Code.

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This website should not be construed as the giving of legal advice or the formation of an attorney-client relationship. Results of a case will vary based on the facts, circumstances, and legal issues involved. All cases must be properly reviewed prior to determining applicable law and likely conclusions. Attorney Mark J. Markus is responsible for the content of this website.
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