Bankruptcy: What are Preferential Payments? - JD Supra (press releas...
12/29/11
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Bankruptcy: What are Preferential Payments?
JD Supra (press release)
It provides that a preference occurs when: •the insolvent debtor transfers property to a creditor worth more than $600 for an antecedent or past debt •the creditor receives more than it would in a Chapter 7 bankruptcy •the transfer or payment was made ...
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JD Supra (press release)
It provides that a preference occurs when: •the insolvent debtor transfers property to a creditor worth more than $600 for an antecedent or past debt •the creditor receives more than it would in a Chapter 7 bankruptcy •the transfer or payment was made ...
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