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I'd like a phonecard, please http://kobiecasprawa.pl/bigsteroidcom-a7ec.pdf#resigned manuelavilatriana.com Firstly, look up bankruptcy preference period. At least in a corporate context, the debtor’s payment to Joseph would be voided under U.S. bankruptcy law if it occurred within 90 days prior to the filing of bankruptcy – that’s whether or not any judgment is in place, merely if it advantages Joseph relative to other senior or similarly situated creditors. (That’s subject to certain exemptions such as payments made in the ordinary course of business, which your example doesn’t fit). That period would be a year if Joseph is an insider – e.g, if Joseph is the CEO or a relative of the CEO. So, Joseph would be obligated to pay that money to the debtors’ bankruptcy estate for the benefit of all creditors. It’s a not uncommon occurrence.
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