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Five good--but often overlooked--preference defenses.(Financial Markets Law Committee)
THERE ARE FEW THINGS, IF ANY, THAT RAISE THE ire of credit professionals more than preference lawsuits. One of the most common complaints is the time associated with preparing an ordinary course or new value defense. Retrieving old invoices, checks, and related documents can be tedious and time consuming. Although the ordinary course and new value defenses will probably continue to be significant, there are other--often overlooked--defenses. The following defenses are particularly helpful because they will not require you to spend time retrieving and reviewing hard-to-find invoices and checks.
Distribution To Unsecured Creditors
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Source: HighBeam Research, Five good--but often overlooked--preference defenses.(Financial...