Weathering the storm: a routine foreclosure may be a preferential transfer

As many creditors have unfortunately discovered, the Bankruptcy Code allows a debtor to sue the creditor for certain payments – called preferences – that the creditor received from the debtor prior to the bankruptcy.

Filed under:
USA, Texas, Insolvency & Restructuring, Litigation, Haynes and Boone LLP, Bankruptcy, Credit (finance), Debtor, Collateral (finance), Foreclosure, Default (finance), Title 11 of the US Code
Authors:
Robert Albergotti , Robin E. Phelan , John Middleton
Location:
USA
Firm:
Haynes and Boone LLP