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kjsnedd
Feb 18, 2009, 06:09 PM
Over 90 days prior to filing bkry, I was able to pay off a 401k loan in order to refinance the loan and lower payments and then took out another loan the next day. Is this considered preferential? Does anyone have any case law that would support that this "refinance" was not a preferential payment to a creditor?

Thank you in advance for your help.

George_1950
Feb 18, 2009, 09:08 PM
Can not answer you directly, but I am curious as to whether you are considering Chapter 7 or 13?

kjsnedd
Feb 19, 2009, 06:57 AM
Chapter 7 has been filed; this is an issue that has come up after the 341 meeting