Preferential Transfers in Bankruptcy: How to Minimize the Preference Risk

Preferential Transfers in Bankruptcy: How to Minimize the Preference RiskBy James R. VannAttorney at Law 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 …