Preferences and How to Avoid them in Both Bankruptcy and State Court Venues

more+
less-

Credit managers and accounts

payable departments are often faced with

concerns surrounding faltering business

customers. Both the Bankruptcy Code and

state court laws contain provisions dealing

with payments and other considerations

made during the last several months prior

to instituting insolvency proceedings. If

you are the recipient of payments during

that period which is 90 days under the

Bankruptcy Code, you may have to return

the payment or at least a part of it

depending on the circumstances.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lawrence Clancy | Attorney Advertising

Written by:

more+
less-

Lawrence Clancy on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×