Stark & Stark Shareholder Thomas S. Onder authored the article “What To Do When You Receive a Bankruptcy Preference Demand Letter” published by Mercer County Lawyer in June 2013. The article discusses the process that many businesses are facing when they file for bankruptcy to unsaddle unsecured debts, and what attorneys who counsel trade creditors should know in these situations.
Mr. Onder states, “Not only do you as counsel to trade creditors need to be vigilant that your client files a proof of claim to ensure their right to payment, but you also need to know what to do when your client receives a ‘preference demand’ letter directing them to return money received from bankrupt debtors.”
To read the full article click here.
