Thursday, May 9, 2024

Legal Terms : Preferential Debt Payment

A debt payment made to a creditor in the 90-day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives the creditor more than the creditor would receive in the debtor's chapter 7 case.

See more, here.

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VACAVILLE OFFICE
601 Buck Avenue
Vacaville, CA 95688
707.452.9606

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Fairfield, CA 94533
707.421.7800

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