Do Not Ignore a Bankruptcy Trustee’s Preferential Transfer Demand Letter
It is possible that you individually or your business may find that someone who owes you money has filed for bankruptcy. Sometimes not only does that debtor leave a portion of the debt owed to you unpaid, but, to add insult to injury, the bankruptcy Trustee, debtor-in-possession, or the Unsecured Creditor’s Committee sends a demand letter asking for the return…