Preference Payments in Bankruptcy (Warning)

Thinking about paying off a credit card before filing bankruptcy? Be careful. Bankruptcy law includes a 90-day lookback period for most creditors and a one-year lookback for payments made to family members or insiders. If you pay certain debts before filing Chapter 7 or Chapter 13, the trustee may attempt to recover that money. These are called “preference payments,” and they can create serious problems if not handled properly. Before making any payments prior to filing bankruptcy, speak with your attorney. Ready to Break Free From the Chains of Debt? 📞 Call John's office today: (602) 887-6992 👉 AZ 🌵Residents: https://calendly.com/d/ctrm-8q5-gpb 👉 Non-AZ Residents: https://swiy.co/JohnSkiba #bankruptcy #debt Legal Disclaimer: The information provided on this YouTube channel is not legal advice and is offered for informational purposes only. You should seek out an attorney to seek legal advice on your legal issue. © Consumer Warrior, LLC - All content is owned and protected by Consumer Warrior, LLC.