2 ms·
Bankruptcy court can determine that transactions before the bankruptcy filing were done to evade the payment priority defined by bankruptcy law. The court can d
by burfog 8y ago
Bankruptcy court can determine that transactions before the bankruptcy filing were done to evade the payment priority defined by bankruptcy law. The court can do a clawback to get those assets.
- eesmith 8y agoThe link I gave says that the practice I described "is the norm", meaning that yes, a court can do that, while the argument is that the court should (almost) always do that.