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Bankruptcy Law

Preferences and Why You Shouldn’t Pay Back a Relative Before Filing Bankruptcy

June 23, 2011by Elizabeth Rosar Chermack3

It is very common for people in dire financial situations to borrow money from relatives. A lot of times, Debtors feel nervous about not paying back their relatives before filing bankruptcy. If a Debtor pays back a relative before filing bankruptcy, they could very likely end up regretting that decision. This is because of the...

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