Philip Allogramento and Robert Scheinbaum of Connell Foley's Bankruptcy, Creditors' Rights and Commercial Law Group recently authored the article "Common Business Defenses to Preference Claims."
The article, published in the February 2019 issue of New Jersey Lawyer magazine, examines the issue of preference law under the U.S. Bankruptcy Code and specifically looks at three different approaches that businesses may employ when faced with preference law claims: 1) the "ordinary course" defense; 2) the "new value" defense; and 3) the "contemporaneous exchange" defense.
To read the article, please click the link under "Related Materials" below.
