Creditors face any number of perils when an account debtor files for bankruptcy – loss of sales, likely risk of collection of amounts owed, legal fees and more. One more challenge a creditor might encounter is a possibility the now-bankrupt debtor or a bankruptcy trustee will demand the return of prepetition debt payments made by […]
The Art of Defending Preferential Transfers-Part One: The Basics
In-House Alert: Covenants Not to Compete and Bankruptcy
The difficult economic circumstances of the last few years have affected employer/employee relationships in a number of different ways. One of these effects has been that fewer employees changed jobs. During a period of high unemployment, many employees rationally decided not to risk the uncertainty associated with pursuing new opportunities. Now that the economy is […]