Articles for tag: creditor rights, preferences, trustee

JasonWashington

Law
bankruptcy preference payments

Bankruptcy Preference Payments: Why Some Transfers Are Recovered

A supplier gets paid for overdue invoices, closes the account, and moves on. Six months later, a letter arrives demanding that the money be returned because the customer filed for bankruptcy. The payment was legitimate, the goods were delivered, and nobody suspected fraud. Yet the demand may still have a legal basis. That is the ...