Preference Indemnity: A Smarter Solution for Trade Creditors Facing Bankruptcy Clawbacks
When a customer files for bankruptcy, trade creditors often face unexpected legal exposure: the threat of preference actions under Section 547 of the U.S. Bankruptcy Code. These actions allow a debtor or bankruptcy trustee to claw back payments made within 90 days before the filing—even when the creditor did nothing wrong.Defending a preference claim requires […]
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