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Bankruptcy

: The Debt Podcast

Balance Transfers Can Be Avoidable Preferences

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Bankruptcy law allows a trustee to recover payments made to creditors on the eve of bankruptcy, even if the payment was made with borrowed money the debtor never touched, according to the Sixth Circuit Court of Appeals. The situation is very typical.  A consumer carrying too much debt gets an offer to transfer balances from one [...]

Full post as published by The Debt Podcast on April 19, 2009 (boomark / email).

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