We had a deal similar to what Des and btbeme are talking about. We had two preferential insider problems to deal with. One was for $1,500.00, and the other for $5,000.00. The trustee settled for just (*I know*) 5K, but we had to make it one one payment. This involved in-laws, with whom our relationship was already strained, so we didn't want to go there. Therefore we agreed to pay it.
Fortunately we get a yearly stipend in January from a retirement instrument that would fund this repayment, if the trustee would wait for payment to after the first of January. This conversation and this offer occurred in August 2008. We wouldn't get the stipend until sometime in January 2009. The trustee agreed to wait until Feb. 15, 2009.
You may be able to work out a payment plan with your trustee, as your funds allow. Good luck to you in this>
Fortunately we get a yearly stipend in January from a retirement instrument that would fund this repayment, if the trustee would wait for payment to after the first of January. This conversation and this offer occurred in August 2008. We wouldn't get the stipend until sometime in January 2009. The trustee agreed to wait until Feb. 15, 2009.
You may be able to work out a payment plan with your trustee, as your funds allow. Good luck to you in this>
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