Tag Archive: 11 USC 503(b)

Chapter 7 Bankruptcy: How Do Creditors Get Paid?

You’ve filed Chapter 7 bankruptcy in New York and there were assets that were sold by the trustee and turned into cash.  Now you’re wondering just how your creditors are going to get paid.
Will the tax collector get first crack at the money, or will the student lender?  How about the mortgage company?  Or child [...]

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