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.
Answered on 7/17/09, 9:23 am
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