How to Best Protect Yourself When a Customer Files Bankruptcy

Restructuring and Bankruptcy — August 24, 2020 | 24:34

In this episode of our Procopio Perspectives podcast series, Partner Miku Mehta and Of Counsel William Smelko inform suppliers on defending against preference claw back claims in U.S Bankruptcy cases, where a customer may have filed for bankruptcy.

Topics include:

Payment Matters: Get paid, don’t get behind.
Payment Receipt Matters: Cash checks promptly.
Timing Matters: Organize and Calendar dates of orders, shipments, invoicing and payment dates.
Promptness Matters: Protect deliveries with a Purchase Money Security Interest.
Attentiveness Matters: Do not ignore Letters from Bankruptcy Lawyers seeking return of allegedly preferential payments.

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