Preference Actions

main in front of bank

When a debtor pays one of its creditors within 90 days of filing for business bankruptcy, the creditor may be subject to a preference action. Bankruptcy trustees pursue preference actions against creditors claiming the debtor’s payment was preferential and possibly fraudulent. A preference action is used to demand creditors to return the payment the debtor and made for redistribution amongst all the creditors.

At the Law Offices of Alan M. Cohen LLC, we defend and negotiate preference actions often obtaining substantial savings for our clients. We provide, you guessed it, aggressive, relentless, effective and ethical defense of preference actions.

We have over 30 years of commercial debt collection experience. We will apply our years of experience and legal skills to help minimize your liability to the bankruptcy estate. Contact our law firm today to meet with a highly skilled creditors’ rights lawyer in Framingham, Massachusetts.

Defending Creditors Facing Preference Actions in Massachusetts

Our lead attorney, Alan M. Cohen, provides aggressive, relentless, effective and ethical commercial debt collection services throughout Massachusetts. If the bankruptcy trustee has demanded that you return the funds a debtor paid you before filing for bankruptcy don’t give up and pay without a fight. Retain our firm to attempt to either defeat or substantially reduce your preference liability.

At the Law Offices of Alan M. Cohen LLC, we offer an aggressive defense strategy to protect creditors’ financial interests. Our creditors’ rights attorneys will examine the facts of your case to develop an aggressive defense strategy against preference actions, to determine:

  • Whether the debtor made payment for ordinary business
  • Whether the debtor received “new value” the payment
  • We will evaluate the payment history
  • We negotiate with trustees to attempt to reduce your exposure to having to return monies that are arguably yours

Contact a Skilled Massachusetts Creditors’ Rights Attorney

At the Law Offices of Alan M. Cohen, LLC we aggressively protect creditors’ rights and move quickly to resolve preference action cases in your best interest. Contact our law firm today by calling (508) 620-6900 or emailing alanmcohen@collections-law.com to meet with an experienced Boston-trained commercial debt collection lawyer.

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