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Webinar: 5 Critical Steps to Protect Your Business When Your Customer Files for Bankruptcy

Thursday, August 20, 2015 from 3:00 to 3:45 p.m.Vann Attorneys Webinar: 5 Critical Steps to Protect Your Business When Your Customer Files for Bankruptcy   Submit your questions in advance by email and social media:Email: webinar@vannattorneys.comTwitter: https://twitter.com/VannAttorneys and #NCBusinessLawFacebook: https://www.facebook.com/pages/Vann-Attorneys/102230089840384 Presenters: James R. Vann Attorney at Law Vann Attorneys James A. “Jim” Beck Attorney at Law Vann Attorneys Complimentary for Clients & Guests Webinar ID: 135-918-067

Preferential Transfers in Bankruptcy: How to Minimize the Preference Risk

Creditors should be aware that there are contexts in which payment can be exacted from a debtor without fear that the transfer will be avoidable at some future date.

−Preferential Transfers in Bankruptcy: How to Minimize the Preference Risk

For suppliers of goods and services, nothing may be more unsettling than discovering that a customer has filed for bankruptcy. To add insult to injury, there is a risk that any recently received payment or settlement might be recaptured by the bankruptcy trustee as a preferential transfer or “preference.” The first thing to remember if you receive a letter from the bankruptcy trustee requesting money to be returned to the …Read More

Have You or Your Business Encountered Customers Filing for Bankruptcy?

Please remember that if your customer or vendor files for bankruptcy, there are certain actions which you may not take due to the automatic stay of the bankruptcy code.

−Have You or Your Business Encountered Customers Filing for Bankruptcy?

Bankruptcy filings by customers continue to be an issue which business owners must deal with. According to reports recently released, third quarter 2009 bankruptcy filings increased by 33% compared to 2008. However, the third quarter 2009 business bankruptcy filings were slightly lower than the second quarter for 2009. If you or your business encounter customers and/or vendors filing for bankruptcy, it is wise to consult your attorney as to what  …Read More

Bankruptcy, Dismissal & Statutes of Limitation: A Landmine For The Unwary

The clock starts ticking the date the contract is breached.

−Bankruptcy, Dismissal & Statutes of Limitation: A Landmine For The Unwary

  A recent opinion issued by the North Carolina Court of Appeals should serve to remind all creditors of the necessity of vigilance when a debtor is in bankruptcy. In Person Earth Movers, Inc. v. Buckland,N.C. App. , 525 S.E.2d 230 (2000), the Court reviewed a matter in which a contractor performed work which was billed in a lump sum in August, 1989. The bill was not paid and in …Read More

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