Defending Against Bankruptcy Avoidance Actions
Series: COMPLEX FINANCIAL LITIGATION 2016
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When a company or person enters bankruptcy, the debtor or its bankruptcy trustee may invoke provisions of the Bankruptcy Code to “avoid” transfers of money or property that the debtor made going bankrupt. Businesses and individuals that dealt with the debtor in the months before the bankruptcy may face claims called avoidance actions in which the debtor or bankruptcy trustee demands payment of money or return of property. The money and property recovered by avoidance actions then enters the bankruptcy estate and can be used to satisfy creditors’ claims against the debtor. This webinar explains the laws that apply to bankruptcy avoidance actions and provides best practices for anticipating and defending against such claims.
Principal Audience: Attorneys and Advisors
Partner: ChamberWise, West LegalEdcenter
Michael A. Brandess, an attorney at Sugar Felsenthal Grais & Hammer ...