Recent Amendments Place Creditors in a Stronger Position to Defend Against Chapter 11 Bankruptcy Preference Lawsuits
Fraser
JULY 21, 2020
What’s worse—and which often comes as a big surprise—is when a business gets sued by the debtor or bankruptcy trustee seeking to recover payments made by the debtor before the bankruptcy. The look-back period for payments is increased to one year for “insiders.” That’s how the system is supposed to work.
Let's personalize your content