We Are Open! Miller & Miller Law is keeping our clients and staff safe from COVID-19. We are open for free phone and video consults during these difficult times.

Our 3 Step Process

Step 1:
Get Out Of Debt

Step 2:
Clean Up Your Credit

Step 3:
Build Your Score

  1. Home
  2.  » 
  3. Uncategorized
  4.  » Paying Back Loans to Family and Friends

Paying Back Loans to Family and Friends

| Jun 29, 2012 | Uncategorized |

It’s not uncommon to turn to friends and family for help during a difficult financial time. You cannot prefer your friends and relatives over other creditors if you end up filing a bankruptcy case. The bankruptcy code sees it as unfair discrimination known as a “preference” against your other creditors.

Please seek the advice of our Miller & Miller bankruptcy lawyers if you are considering filing for bankruptcy and you owe money to friends or family members. We have seen numerous cases where the Trustee has sued a sibling or parent to recover the money that was repaid.

Archives

Watch Attorney James Miller on the Morning Blend as he discusses his new book, The Secrets About Bankruptcy They Don't Want You To Know.

Click here to order your free copy today!
-Or-
Click here to schedule an appointment at any of our convenient locations.

Morning Blend will re-run on Labor Day.

FindLaw Network