Buyers and Sellers Beware – Disallowance of Purchased Bankruptcy Claims
By EsqSocial Corporation 02/12/13
The Third Circuit recently held that claims purchased from trade creditors by a claims trader will be disallowed under section 502(d) of the Bankruptcy Code when the seller of the claim received, and did not repay, a preference. In doing so, the...
By: BakerHostetler