20.040 Debtor and Creditor; Right of Debtor to Prefer Creditors | Pdf Doc Docx | Georgia_JI

 Debtor and Creditor 
20.040 Debtor and Creditor; Right of Debtor to Prefer Creditors | Pdf Doc Docx | Georgia_JI

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20.040 Debtor and Creditor; Right of Debtor to Prefer Creditors

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20.040 Debtor and Creditor; Right of Debtor to Prefer Creditors A debtor may pay one creditor before another, and in that regard, the debtor may in good faith give a creditor a lien by mortgage or other legal means, or the debtor may sell the creditor something in payment of the debt or may transfer a cause of action as security for the debt when the surplus is not reserved for the debtor's own benefit. O.C.G.A. §18-2-40

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