What should we know about demands for the return of preferences?

Answer: Creditors that receive demands to return payments because they are allegedly preferential should remember that there are a number of defenses that creditors can raise when a preference claim is raised. It can be well worth your time to learn, as much about these defenses and credit professionals should also know that it often requires the involvement of an attorney representing their interests before the debtor or the trustee starts to take the creditor seriously. [Note: This was the reader's follow up question, separated from the first question for clarity].