Judgments obtained close to a Ch. 11 filing
Is there anything in the Code that addresses the setting aside of judgments, obtained within a certain time prior to a Ch. 11 filing, so that they are not a part of the bankruptcy? This would involve the filing of an individual Ch. 11, debts incurred through business operations. Thank you for your help.
1 Answer from Attorneys
Re: Judgments obtained close to a Ch. 11 filing
Judgment liens can be set aside as preferences, or on other grounds, in a bankruptcy, but I'm not sure what you mean by "not part of the bankruptcy." All creditors have to be part of the bankruptcy.
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