When debtors pay one of their 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 that creditors return the payment to the bankruptcy estate so that the “preferential payment” is equally distributed to unsecured creditors.
At the Law Offices of Alan M. Cohen & Associates LLC, we defend and negotiate preference actions, often obtaining substantial savings for our clients. We provide aggressive, relentless, effective, and ethical defense of preference actions.
We have nearly 50 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 Massachusetts collections law firm today to meet or speak with a highly skilled creditors’ rights lawyer.
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 it filed bankruptcy, don’t give up and pay without a fight. Retain the Law Offices of Alan M. Cohen & Associates LLC to attempt to either defeat or substantially reduce your potential preference liability.
At the Law Offices of Alan M. Cohen & Associates 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 then evaluate the payment history and negotiate with trustees to attempt to reduce your exposure to having to return monies that are arguably yours.
Contact A Skilled Creditors’ Rights Attorney
At the Law Offices of Alan M. Cohen & Associates LLC, we aggressively protect creditors’ rights and move quickly to resolve preference action cases in your best interest. Call our law firm today at 508-763-6604 or send us an email to meet or speak with an experienced Boston-trained commercial debt collection lawyer.