Repaying your parents is called a preferential payment. In itself, has nothing to do with the stay or preventing you from filing bankruptcy. The reason your attorney recommended that you wait is so that the bankruptcy trustee will not sue your parents to return that money so that it can be shared among all your creditors. The look back period for preferential payments is one year. If you want to avoid disclosing this information to the bankruptcy court, that is how long you need to wait since you repaid your parents.
Answered on Apr 06th, 2017 at 7:37 AM