Paying a Special Debt Before Bankruptcy Could Be a Preference

Wasson and ThornhillPre-Bankruptcy Planning

You may feel like paying a special debt, and during this time of the year you may even get some extra money to do it. Maybe you shouldn’t.   Last week we explained how giving a significant gift before bankruptcy could cause problems during bankruptcy. This also applies to selling something for much less than it is worth. Such a gift or sale might … Read More

The Bad Preference Surprise

Wasson and ThornhillBankruptcy Law

Avoid the frustrating surprise of having one your friendly creditors be challenged by your bankruptcy trustee with a preference action.