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1. S
  Would this be considered preferential payment?
  
  Could be my last question and last post here which is pretty exciting. Lawyer sent me the settlement agreement this morning to have my uncle sign which he did. Now I have to make the payment to the Trustee for the 4k. My question is do they care who the check comes from or they just want...
  socksornosocks
  
  Post #35
  
  Aug 9, 2019
  
  Forum: Consumer Bankruptcy
2. S
  Would this be considered preferential payment?
  
  Des, Looking for a little help again. So my uncle's 30 day window is coming up in about a week. I am trying to see whether or not I should have my uncle call for the open extension while everything is processing. I sent this email to my lawyer "Just checking in again. I know the settlement...
  socksornosocks
  
  Post #32
  
  Aug 1, 2019
  
  Forum: Consumer Bankruptcy
3. S
  Would this be considered preferential payment?
  
  Thanks Des, you've been awesome. I just glad I can get I can get out of this without any negative effects on my uncle. Crossing my fingers it all goes smooth.
  socksornosocks
  
  Post #30
  
  Jul 18, 2019
  
  Forum: Consumer Bankruptcy
4. S
  Would this be considered preferential payment?
  
  Just got word from my lawyer that the trustee accepted the 4k deal so I'm going to be paying that. Now I have no idea what to do on my uncle's side? Does the trustee just drop the adversary action or is there another step for him? My lawyer is kind of being a pain and refuses to give me any...
  socksornosocks
  
  Post #28
  
  Jul 18, 2019
  
  Forum: Consumer Bankruptcy
5. S
  Would this be considered preferential payment?
  
  That makes sense. Let me ask you a simple worse case scenario question. My proposal is turned down and they want the full 6k. Can my uncle just pay it and everything goes away or is there another step now that a summons has been issued? He is willing to do that if necessary and we just...
  socksornosocks
  
  Post #26
  
  Jul 15, 2019
  
  Forum: Consumer Bankruptcy
6. S
  Would this be considered preferential payment?
  
  Thanks for the great advice everyone heres the newest development. I really dont want to put any burden on my uncle so i spoke with my lawyer last week and the plan is that he is going to propose to the trustee/trustees lawyer to settle for 4k if I can do it in a lump sum. I believe he is...
  socksornosocks
  
  Post #24
  
  Jul 15, 2019
  
  Forum: Consumer Bankruptcy
7. S
  Would this be considered preferential payment?
  
  So here's an update. Went to the 341 meeting, was truthful to the trustee about my uncle and a few days later he ended up getting a strongly worded letter to remit $6,000 by July 10th. He called the law firm that represents the trustee to see if he could negotiate a deal and they basically...
  socksornosocks
  
  Post #20
  
  Jul 6, 2019
  
  Forum: Consumer Bankruptcy
8. S
  Would this be considered preferential payment?
  
  Des, This was great info. The last thing I want to do is have my uncle get stuck with a bill like that and ruin the relationship. I would rather do whatever it takes to pay that back to the court/trustee myself somehow someway. Say he is currently 25% of my total debt (all are unsecured...
  socksornosocks
  
  Post #14
  
  May 26, 2019
  
  Forum: Consumer Bankruptcy
9. S
  Would this be considered preferential payment?
  
  Do you know when my uncle would be notified? After the hearing I'm assuming? I need to prepare for this convo I'm gonna have with him
  socksornosocks
  
  Post #11
  
  May 25, 2019
  
  Forum: Consumer Bankruptcy
10. S
  Would this be considered preferential payment?
  
  Looks like that will be 6k on top of what the balance is now
  socksornosocks
  
  Post #9
  
  May 25, 2019
  
  Forum: Consumer Bankruptcy
11. S
  Would this be considered preferential payment?
  
  Well that stinks. Almost makes me want to reconsider the bankruptcy just on that alone. I dont want to mess up the relationship at all. Any chance the trustee just forgets to look? Lol
  socksornosocks
  
  Post #7
  
  May 25, 2019
  
  Forum: Consumer Bankruptcy
12. S
  Would this be considered preferential payment?
  
  I understand the idea behind the law but what makes him different than say the credit union I have in the bankruptcy that I pay $600/mo. Or would they be considered preferential for the past 3 months also?
  socksornosocks
  
  Post #5
  
  May 25, 2019
  
  Forum: Consumer Bankruptcy
13. S
  Would this be considered preferential payment?
  
  That will be happening Tuesday but it's a long holiday weekend and I'm interested in an experienced point of view in the meantime
  socksornosocks
  
  Post #3
  
  May 25, 2019
  
  Forum: Consumer Bankruptcy
14. S
  Would this be considered preferential payment?
  
  From NY. Here is my situation. I just filed for chapter 7, my expenses far exceed my income and I got to a point where I really had no choice. I have been making my payments to ALL creditors that will be involved in the bankruptcy and was completely up to date and current up until the filing...
  socksornosocks
  
  Thread
  
  May 25, 2019
  
  Replies: 35
  
  Forum: Consumer Bankruptcy

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