Procopio Perspectives

How to Best Protect Yourself When a Customer Files Bankruptcy

Episode Summary

Avoiding Insult on Top of Injury —- Defending Against Preference Claw Back Claims in U.S Bankruptcy Cases.

Episode Notes

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.