Two recent bankruptcy court decisions reflect a split of authority on subchapter V eligibility. In re Macedon Consulting Inc. finds that all future amounts due under an.
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The Bankruptcy Code and its predecessor statutes have long permitted bankruptcy trustees (or their equivalents) to claw back preferences, which involve transfers made on preexisting debts.
Ethics are moral principles that govern a person’s behavior or activity. Lawyers are expected to possess the utmost ethical behavior trusted by clients, colleagues, and courts. To that.