Discover who preferred creditors are, how they get prioritized in bankruptcies, and examples of types like employees and tax authorities.

There are few things more unsettling to a client than receiving a demand letter or a complaint seeking to recover an alleged preferential payment. The average business person who is working to supply ...

A “preference action” is a lawsuit by or on behalf of a debtor seeking to recover certain payments made by the debtor prior to filing for bankruptcy. Preference actions are unfamiliar to many business ...

As the saying goes, what goes up, must come down. After years of robust growth, the U.S. economy appears to be hitting a rough patch. In the coming months, it is likely that some businesses will not ...

Whether your company is large or small, sooner or later you will experience the pain and apprehension that come from receiving notice that one of your customers has filed bankruptcy. The first thing ...

Even solvent companies can find themselves in bankruptcy court and forced to return payments when a customer or vendor goes bankrupt. Here’s how to respond—and defend—when a trustee comes calling. As ...