May 29th, 2007 by Questions
If a close relative makes a big payment to an unsecured creditor on your behalf in the period prior to bankruptcy is that payment considered fraudulent preference? My father (81 years old…) paid off a credit card debt of mine for 5500 dollars last month after being contacted by a collection agency (a possibly illegal contact…). He thought he was helping me and did not realize the legal ramifications of that payment.
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