Bankruptcy Preference Claim Can Be An Unwelcome Surprise
One of the most difficult conversations a bankruptcy attorney can have with a client is to explain the concept of bankruptcy “preference claims”. The conversation often arises when a client suddenly...
View ArticlePreference Claims Defense Number 1
In our last post we outlined the legal defenses against a bankruptcy preference claim. Now let’s look at the “ordinary course payment” defense in a bit more detail. An ordinary course payment is,...
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Preference Claims Defense Number 2
In our last post we outlined the “ordinary course payment” legal defense against a bankruptcy preference claim. Now let’s look at the “subsequent new value” defense in a bit more detail. Subsequent new...
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Preference Claims Defense Number 3
In our last post we outlined the second of three common defenses to preference claims, the “subsequent new value” defense. Now let’s look at the third common defense, “contemporaneous exchange for new...
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