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April 16 2012

Can I pay family members back the money I owe them and then file for bankruptcy?

Todd Courser and Associates Bankruptcy, Uncategorized

You cannot give preference to your family over the other creditors that are waiting to be paid back. If you attempt to do this, the Trustee can, and will many times, go after and try to collect from the family member that was paid the money. There is a look back period, where the Trustee looks to see what you’ve done with your money.  If the payback happened far in advance of the bankruptcy then it can be outside the scope of the Trustee and will at times be allowed.  If you are uncertain about your situation, come talk to me.

Call my office to set up your consultation today Todd Courser 810-245-0813.

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Todd Courser
Todd Courser & Associates
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