Bankruptcy laws

[Loosingaltitude]

What is the name of your state (only U.S. law)? Arizona. My business collapsed, and I'm in debt up to my eyeballs. New bankruptcy laws allow creditors to look at your personal and business banking records as far back as 12 months and any monies that were given by relatives as short term loans, or for any other reasons, (even though they were repayed within a few weeks, even a day) are viewed as collectable funds by the creditors. Right? I can't let that happen! What do I do? Go in to hidding so they can't find me to "serve" me until the 12 months period lapses, and then emerge after 12 months and file Chapter 7?

[Proserpina]

Originally Posted by Loosingaltitude

What is the name of your state (only U.S. law)? Arizona. My business collapsed, and I'm in debt up to my eyeballs. New bankruptcy laws allow creditors to look at your personal and business banking records as far back as 12 months and any monies that were given by relatives as short term loans, or for any other reasons, (even though they were repayed within a few weeks, even a day) are viewed as collectable funds by the creditors. Right? I can't let that happen! What do I do? Go in to hidding so they can't find me to "serve" me until the 12 months period lapses, and then emerge after 12 months and file Chapter 7?

What is that you're trying to hide?

[bigun]

Your post just makes no sense the way it's written. Nothing in the bk code precudes anyone from lending money to you.
The issue I think you're having is, you paid back insiders. That's a preference/insider transaction and in that case, the trustee can sue whomever you repaid to recover the funds for unsecured creditors. Likely, you'll need to delay filing and deal with collection activity until a year or more passes.

Have you spoken with a bk lawyer? Most will give free or lowcost initial consultations.