Detroit seeks tens of millions from businesses paid days before bank...

12/01/15


Crain's Detroit Business

Detroit seeks tens of millions from businesses paid days before bankruptcy
Crain's Detroit Business
Federal bankruptcy law typically allows a debtor to recover payments or transfers made to creditors within 90 days before filing for bankruptcy, when the debtor was insolvent, on the basis that pre-petition payments allows one or more creditors to ...

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