In the intricate realm of bankruptcy law, preference claims stand as a pivotal concern for creditors. When a debtor files for bankruptcy, transactions made prior to the filing can come under scrutiny. Specifically, payments made to creditors within 90 days before the bankruptcy petition may be deemed preferential. This notion implies that certain creditors received […]
Category Archives: lawsuits
In the world of commerce and trade, credit is the lifeblood that keeps businesses afloat. However, the unfortunate reality is that not all debtors uphold their financial obligations. When debts go unpaid, creditors often resort to legal action to enforce judgments. For creditors navigating administrative proceedings, understanding the legal strategies available is paramount. Understanding Administrative […]