Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
A "preference" involves paying a creditor more than the creditor would receive when a Bankruptcy is filed. In other words, there must be a creditor involved for there to be a "preference". Putting money borrowed money back into a 401K account is not considered to be a "preference", because the money is being "borrowed" from yourself - there is no creditor involved.
I think this is what you wanted to know. If not, please let me know.
ok, thanks, XXXXX XXXXX case then, will the transaction be allowed by the trustee? I have a couple other questions also, should I enter them each on the site or can i ask you?
Yes - since repaying the money you "borrowed" from your 401K would not be considered to be a "preference", the trustee will allow it.
thanks, XXXXX XXXXX questions I have should be each entered on the site I guess