Preference Avoidance Actions: When Late is Ordinary
By EsqSocial Corporation 28/04/21
A recent case shows how even late payments can be used to satisfy the ordinary course of business defense in a preference avoidance action. Baumgart v. Savani Props Ltd. (In re Murphy), Case No. 20-11873, Adv. Pro. No. 20-1070, 2021 Bankr. LEXIS 1035 (Bankr. N.D. Ohio Apr. 19, 2021)......
By: Patterson Belknap Webb & Tyler LLP