A payment of $600 or more to a family member in the one year period prior to filing a bankruptcy can be considered a preference and that relative may be required to pay the full amount back to the bankruptcy estate for the benefit of all creditors.
A payment of $600 or more to a family member in the one year period prior to filing a bankruptcy can be considered a preference and that relative may be required to pay the full amount back to the bankruptcy estate for the benefit of all creditors.