Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I repay debts owed to relatives before filing Chapter 13 Bankruptcy so that I do not have to list them on my bankruptcy petition?

April 26, 2017Bankruptcy Chapter 13 debts filing list petition relatives repay

0

Posted

Can I repay debts owed to relatives before filing Chapter 13 Bankruptcy so that I do not have to list them on my bankruptcy petition?

2 Answers

0

Regine Kelly Posted

As far as i know, when filing bankruptcy your all debts will be cleared out.

0

Posted

No. Payments made to relatives within 12 months (one year) before filing bankruptcy are considered “preferences”. The trustee may have the right to pursue the relative to recover the preference, and divide the money equally among all creditors.