What happened? What’s next? – Are we done with 2020 yet?
“Under 11 US.C. § 547 of U.S. bankruptcy code, payments made by a company during the final 90 days prior to the filing of bankruptcy are considered “preference” payments and are subject to “clawback” provisions by bankruptcy trustees seeking to acquire necessary funds to pay remaining claims. Authorized by Dean trustees, ASK LLP sent “avoidance […]