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Bankruptcy

: The Debt Podcast

Paid a Relative Money Recently? Here?s How to Fix It!

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If you have recently repaid a relative for money you borrowed, your bankruptcy lawyer has probably told you that the trustee will attempt to get this money back from the relative to whom you paid it.  This is because of Bankruptcy Code section 547, which allows the trustee to recover money repaid to a relative for [...]

Full post as published by The Debt Podcast on April 07, 2008 (boomark / email).

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