These sorts of debts are considered to be owed to favored or preferred creditors. You can include additional creditors into this category, like certain credit card companies if you want to keep the card you’ve been using with them. The best way to resolve these debts if they are over $600 and fall within the applicable preference period is to have your bankruptcy trustee set these debts aside. It’s best to not delay filing for bankruptcy until you’re able to pay back debts, so one thing you could do is wait until you have filed, then use exempt assets or any income you’ve accumulated after filing to pay back these preferred or favored debts.
To better understand if filing for bankruptcy is the right action for you to take, it is recommended that you set up a consultation with a local bankruptcy attorney.
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