Thread: Keisler
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Old 01-26-2014, 08:20 AM
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Quote:
Originally Posted by GregWeld View Post
In a bankruptcy --- any creditor that was paid within 90 days of the filing -- will be subject to a clawback... So if you were lucky enough to be paid -- you're giving the money back -- and the money will be divided by the court as an "asset"....


Sucks but that's the way the game is played. Keeps people that are intending to file -- from paying a preferential party... to the exclusion of others.
Yes that is a bummer. I had a third party procurement company for Chevron Oil burn us on this. However the original bill/payment was 32k. When the lawyer came calling we stalled them and settled for 20k so you can work them but I suspect on $2 or 3k they might not budge.
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