Originally posted by lrprn
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Yes, the lawyer you consulted is probably right. If you pay back this much, it very well could be considered a preferential payment by your trustee if you pay it within six months of filing. It won't hurt you - all the trustee will do is force your ex-employer to give all the money back to distribute to all your creditors.
If your goal is to maintain a good relationship with your ex-employer in the future, after your Ch 7 closes, you can pay back whoever you want. You could have a straightforward conversation with them before you file explaining why you can't pay them back now and have a hand-shake gentleman's agreement (nothing on paper) that you will pay the amount you owe them back after your case closes. Then do it. That can likely salvage that relationship for you. Just a thought....
If your goal is to maintain a good relationship with your ex-employer in the future, after your Ch 7 closes, you can pay back whoever you want. You could have a straightforward conversation with them before you file explaining why you can't pay them back now and have a hand-shake gentleman's agreement (nothing on paper) that you will pay the amount you owe them back after your case closes. Then do it. That can likely salvage that relationship for you. Just a thought....
thanks lrprn... i have no idea what to do
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