Preferential Transfers in Bankruptcy: How to Minimize the Preference Risk

Preferential Transfers in Bankruptcy: How to Minimize the Preference Risk By 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 …

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, …