Legal Question in Bankruptcy in Maryland

Section 547 preferences

Do the preference rules only apply to actual payments made w/in 90 days prior to the bankruptcy filing or can unpaid judgments be set aside and made part of the debt dealt with in the actual bankruptcy proceeding?

Asked on 7/17/09, 8:19 am

1 Answer from Attorneys

Daniel Press Chung & Press, P.C.

Re: Section 547 preferences

A judgment lien is a transfer of property, and thus falls within the scope of Section 547.

Read more
Answered on 7/17/09, 9:23 am

Related Questions & Answers

More Bankruptcy Law questions and answers in Maryland