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    • Bankruptcy & Preference Payments

Bankruptcy & Preference Payments Newsletter
  • Preference Payments Made Per Historical Practice Still Not Ordinary 28 Feb 2022 20:04 GMT

    It is impossible to predict whether supply chain disruptions caused by the COVID pandemic, increased interest rates, market volatility, changes in workforce trends, inflationary pressures, and geopolitical upheaval will lead to a recession and wave of …

  • Customs Brokers Lobby Change To US Bankruptcy Law 12 Sep 2019 17:03 GMT

    … brokers to file for bankruptcy protection themselves."  This … Section 547 of the Bankruptcy Code, which prohibits preferential … By contrast, under the Bankruptcy Code, duty payments to … be subject to a preference payment recovery action," the …

  • Besieged beauty chain founder faces bankruptcy 10 Sep 2019 05:01 GMT

    … claims it served a bankruptcy notice against Ms Brunoli … regardless of whether I claim bankruptcy,” she said.Liquidators were … $83,750 in unfair preference payments made to a creditor in … s collapse.A second unfair preference payments claim of $95,000 …

  • Understanding the Role of Bankruptcy in Asset Protection Planning 02 Jul 2018 18:35 GMT

    … continued legal action imposed by bankruptcy. Bankruptcy provides you the opportunity to … the trustee as a voidable preference. Payments made within two years to … to resolve a case without bankruptcy. Bankruptcy should be your last resort …

  • FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute 18 Aug 2023 08:05 GMT

    … claims in the New York Bankruptcy Court. In CEO John J … section 502(h) of the Bankruptcy Code, should the Debtors succeed … 't qualify as a preference payment under legal terms, further reducing …

  • Bahamian liquidators fire FTX warning shot 08 Mar 2023 22:14 GMT

    … legal filings with the Delaware Bankruptcy Court, the trio moved to … 134 entities in Chapter 11 bankruptcy protection in the US, sought … ongoing investigations to establish the preference payments originated from the Digital estate …

  • Despite legal proceedings, Dominique Grubisa thinks she's unstoppable 12 Jan 2023 22:24 GMT

    … was the worst. Bankruptcy. And the trustee in bankruptcy said, well this … and it prevailed even in bankruptcy. In its media release of … be clawed back as a preference payment when the builder went bust …

  • FTX payout probe urged as US trustee intervenes 02 Dec 2022 20:01 GMT

    … , resulting in these ‘free fall’ bankruptcy cases. Debtors’ approximately one million … to remedy losses.” US federal bankruptcy courts typically appoint such “independent … “very important” that any fraudulent preference payouts be recovered to protect The …

  • The Thanksgiving letter 18 Dec 2020 21:32 GMT

    … . Dean Foods filed for bankruptcy in November 2019, and … be sold. Now that bankruptcy has occurred, the trustee … immediately prior to the bankruptcy are liable to be … dairy industry has gotten a preference payment. ‘Preference payment’ means that you were …

  • Directors’ liabilities during company insolvency 20 Apr 2020 11:30 GMT

    … to the giving of a “preference”: payment to a validly secured creditor … is in a state of bankruptcy or if it is proved … could found a declaration of bankruptcy. By rendering the security without …

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