Bankruptcy Preference Creditor's Digest

Who we are: We are a law firm defending creditors against bankruptcy preference and other avoidable transfer claims. We have represented service providers, suppliers, shippers, warehousemen, commercial landlords, debt holders and many other types of bankruptcy creditors across the country.

Our Approach to Defense: The primary objective is to get our clients freed from a bankruptcy preference claim at the lowest total cost. The secondary, but closely related, objective is to get our clients out as quickly as possible. We believe that we have the capabilities and experience to achieve these objectives by effeciently assessing defenses and persuasively presenting applicable defenses to opposing counsel. Click this link to read more about us and our approach to defending preference claims.

Contact us: If you have received a demand letter or complaint, call us at 888.547.5170. We will share with you our initial observations at no charge. You can read our answers to some of the more frequently asked questions by clicking this link.

WP Steel Venture LLC Bankruptcy - 540 Avoidance Adversary Complaints Filed from January 7 to February 4, 2013: The plaintiff in these bankruptcy adversary proceedings is RG Steel Sparrows Point, LLC (287 complaints), RG Steel Warren, LLC (148 complaints) and RRG Steel Wheeling, LLC (204 complaints). The litigation is before U.S. Bankruptcy Judge Kevin J. Carey in the District of Delaware .   This plaintiff/debtor in possession has tapped a honey hole of preference claims totalling in excess of $200 million. The plaintiff may also be expecting that the yield on these claims will be higher than usual . . . the ordinary course of business defense appears questionable for many of the preference period payments.

Borders Group, Inc. Bankruptcy - 157 Avoidance Adversary Complaints Filed from January 3 to January 31, 2013: The plaintiff in these bankruptcy adversary proceedings is Curtis R. Smith, as the Liquidating Trustee of the BGI Creditors Liquidating Trust. The litigation is before U.S. Bankruptcy Judge Martin Glenn in the Southern District of New York (Manhattan).   The long anticipated Borders mass bankruptcy preference recovery campaign started on January 3, 2013 with a second major round being filed on January 31, 2013. With the statute of limitations running out on February 16, 2013, the Liquidating Trustee has plenty of time remaining to launch multiple waives of filings. With defendants in almost every industry group targeted and defendants names running the alphabet, there is no obvious rhyme or reason to the selection of the defendants to date.

Recent Additions to APScans Adversary Proceeding Reports

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