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Bankruptcy

: The Debt Podcast

Should I settle some debts before bankruptcy

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Two of his creditors were willing to settle the debt for a substantial discount, my client reported.  Could he accept a reduced payoff before he filed bankruptcy? There is no bar to compromising with creditors before a bankruptcy filing.  Debtors under California state law are free to pay one creditor over another.  The Bankruptcy Code’s preference [...]

Full post as published by The Debt Podcast on February 23, 2010 (boomark / email).

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