Tag Archive: preferential transfers

Would you like to repay Aunt Sally before filing bankruptcy? Read this first.

Image via Wikipedia

The whole issue of whether you should repay someone to whom you owe money before you actually file for Chapter 7 bankruptcy is more complex than it looks at first glance. I introduced the issue in a previous post about repaying debts before bankruptcy, but there is a lot of detail here […]

Repaying a debt before bankruptcy? Better think twice

Image by quaziefoto via Flickr

Can you repay a debt to a friend or a creditor before you file for bankruptcy? Yes, you can, but it’s not necessarily a good idea because that repayment may be what bankruptcy law calls a “preference” or a “preferential transfer.”
After you file for bankruptcy, preferential transfers may be taken […]

nj bankruptcy lawyer
Call 201-676-0722 for a free consultation with bankruptcy lawyer Jennifer Weil.