What if I repaid a friend or family member money within one year of filing?
Repayments to friends or family members are considered insider transfers and are a big no, no. Therefore, you cannot take your $20,000 in cash in your bank account and then say, “Oh, I had to give that to my brother John because I happened to owe him $20,000.00.” Any repayments to friends or family members within one year are considered fraudulent. They will go after your friend or family member to get the money back!
