Wed.Jul 15, 2020

Remove 2020 10
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Extending the Statute of Limitations in New York Debt Collection Cases

FFGN COLLECT NY

extending the statute of limitations from March 22, 2020, to August 5, 2020. Creditors whose allowable time to file expired on or between those dates can now file and/or respond through August 5, 2020. even 10 years later, the time to sue, six years, restarts. It pays to “ get it in writing.” Alternative Options.

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New Appeals Court Ruling on the Scope of Subsequent Transferee Liability Under Section 550

PBWT

Spencer Fane LLP (Generation Resources Holding Company, LLC) , 2020 WL 3887850 (10th Cir. July 10, 2020). To qualify as an “immediate or mediate transferee” under section 550, is it necessary to receive the actual asset, or does it suffice to receive funds derived from the asset?