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...
by Mark J. Markus | Feb 13, 2013 | bankruptcy attorneys, Bankruptcy Law, General Issues, Miscellaneous, transfers
Common Mistakes People Make Before Filing A Bankruptcy Case I am often reminded of vast amount of misinformation people get, or invent, regarding bankruptcy law. This is merely one of many, many stories experienced bankruptcy attorneys hear every week and serves as a...
by Mark J. Markus | Dec 27, 2011 | Bankruptcy Alphabet, bankruptcy definitions, transfers
This could happen to you: You’re sitting around watching the Lakers get beat again or just enjoying a good book when the mail comes, and inside it is a lawsuit from a bankruptcy trustee of your nephew, who recently filed a bankruptcy case, seeking to recover...
by Mark J. Markus | Nov 16, 2008 | transfers
One of the most common mistakes my clients make is repaying debts to friends and family before filing their bankruptcy case. In many cases this leads to extremely undesirable results. Do Not Repay Friends or Relatives Before Bankruptcy The basic law as stated in the...
by Mark J. Markus | Jul 14, 2008 | Bankruptcy Law, transfers
Transferring Property Before Bankruptcy Can Be A Fraudulent Transfer I get asked a variation of this question at least once a week. Today’s consultation featured a mother who had quitclaimed half an interest in her home to each of her two sons about 2 years ago....
