One of my customers in Chapter 11 recently had the case converted to a
Chapter 7 liquidation bankruptcy. My question is this: Are we subject to
preference claims on the payments made to us by this customer in Chapter
11 in the 90 days prior to the Chapter 7 bankruptcy filing?
Answer: If your question
is: Is there a look back preference period in a conversion from a Chapter
11 reorganization to a Chapter 7 liquidation the answer is no. |