Crucial Question: Is It OK to Pay a Special Creditor Before Filing Bankruptcy to Keep It Out of the Bankruptcy Case?
Not a good idea. If you do your friendly creditor may have to turn over to the trustee whatever you paid it. So it wonât be so friendly.
The Extraordinary Tools of Bankruptcy: Make Your Creditor Pay Back Money Taken from You
Filing bankruptcy doesn't just stop creditors' present and future collection efforts against you. It might recoup money you've already lost.