MenuThere is nothing unusual about a debtor having a parent, brother, sister, son, daughter, aunt, uncle, niece, nephew, grandparent, or grandchild in a family role and financial role. For some, involvement becomes deeper when hard times come. Here is a list of some common roles in which family members are seen in a bankruptcy proceeding:
Insider
A person or business entity with a close relationship to the debtor. Common examples of insider relationships include relative-to-relative, partner-to-partnership, director/officer-to-corporation, or partner-to-partner. The full scope of insider is defined in section 101(31) of the bankruptcy code.
