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Home / Opinion Digests / Bankruptcy – Preferential Transfer – Newspaper Ads (access required)

Bankruptcy – Preferential Transfer – Newspaper Ads (access required)

Where debtor, a department store, during the 90 days preceding the filing of its bankruptcy petition, made four transfers to a newspaper in payment of antecedent debts owed for the publication of advertisements, those payments are avoidable transfers. All four of the transfers were made while debtor was insolvent, and it is not disputed that the ...

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