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Bankruptcy

: The Debt Podcast

Replacing a Bad Check Could Be ?New Value?

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When a check bounces, making good on it is normally just paying off a debt owed.   If that happens during the 90-days before a bankruptcy is filed, it would be an avoidable preference. But if a lender plays its cards right, it may be able to protect itself after all. In the normal scenario of [...]

Full post as published by The Debt Podcast on September 24, 2008 (boomark / email).

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