Q: Is it possible to undo a payment made to an insider within the last 12 months before filing?
The statement of financial affairs, question 3c, asks for a list of all payments made to an insider creditor within the last 12 months. Is it possible to simply have the money returned to me, add it to my assets, which are exempt, and then add the creditor to my schedule F?
A: This question really needs a competent attorney to answer it in person. The short answer is no. The longer answer is something else may be possible depending on your situation.
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