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Why does everyone get worried with pref payments?

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    Why does everyone get worried with pref payments?

    hi everyone,
    i am just curious to know why filers get so nervous about preferential payment to other creditors. isn't it just a matter of taking back the money from credit card company A (the preferred payment receipient) and dispersing it among creditors B, C, D.....? It is not like the trustee takes any of the filers money from their accounts correct? I just do not see why it is ever an issue and why people need to wait. Surely I am missing something. Thanks!

    #2
    Depends on who you paid.

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      #3
      If you paid a family member, that is a problem, but a personal problem. Makes Thanksgiving Dinner uncomfortable.

      cash advances and balance transfers are the problem

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        #4
        oh...so only "personal" preferential payments are an issue (family/friends?) I haven't paid anyone family or creditors in over a year but i was still wondering what the big deal was. thank you!

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