Tag Archives: Preferential Payments to Creditors

Why You Should Never Repay Money You Owe Mom Before Filing Bankruptcy

Given the choice of paying back debts to strangers, like credit card companies, and paying back a debt to a family member or other “insider,” nearly everyone would of course choose to pay back the family member first, right? Of course they would. Doing so within one year before filing bankruptcy, however, may be the […]

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