Protecting Your Company Against Revenue Clawbacks: Preference Actions (Part 1 of 3)
By EsqSocial Corporation 05/11/20
A customer goes bankrupt and then they (or a trustee) demand you return money you were already paid for services or goods duly rendered. In this three-part series, we discuss strategies to protect your company against these revenue “clawbacks,” and how to implement these strategies before and after a customer’s bankruptcy filing. In this blog, we discuss the definition of preferences and the policy purpose of preference actions. In the second, we discuss specific actionable items to take to...
By: PilieroMazza PLLC