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!
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!
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