New Terms Can Expose Creditor To Preference Action
In re Hechinger, 2007 WL 1630004 (3d Cir. June 7, 2007), the debtor, a purchaser of treated lumber products, faced financial difficulty prior to filing for Chapter 11 protection.
A creditor (Universal Forest Products), who had done business with the debtor for 15 years, sought to assuage its concerns regarding selling...
To view the full article, register now.