Lori's Vignette's - Blog

One of the challenges clients have when contemplating Bankruptcy, is determining what bills to pay and when. The timing of the payments is important, because the Bankruptcy Trustee can recover back from a creditor certain payments made by the Bankruptcy Debtor, which are later determined to be a “Preferential Payment” by the Bankruptcy Court. Bankruptcy Attorney Todd M. Gers explains the basics about Preferential Payments.