February 4, 2010 / Law Alert

The debtor owes me money AND is suing me ... Is this right?

Payments you may have received in the ordinary course of business by a company that later filed for bankruptcy can be considered a "preference payment" and you can be sued for their return. This alert is an overview of what a preference payment is and what your potential defenses may be. Experienced lawyers can fully evaluate all your defenses should you be the subject of a preference demand and can help you obtain the best result possible.