Anatomy of a Preference Action (Series: BANKRUPTCY BATTLE ROYALE- COMMON LITIGATION SCENARIOS)
Chapter 5 of the bankruptcy code creates certain causes of action that arise only upon the filing of a bankruptcy proceeding. Specifically, these provisions allow the debtor or trustee to take actions to bring assets back into the debtor’s estate. Most commonly, these are fraudulent transfer or preference actions. This webinar discusses the standards for bringing these causes of action and then dives more deeply into how to defend against them. The panelists also provide practical tips on how creditors can try to protect and insulate themselves from these attacks ahead of time, by taking certain precautions when dealing with distressed business prior to the filing of a bankruptcy proceeding.
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