Insights
Seller Beware - If You Sell Goods to a Debtor in Bankruptcy, You May Lose Both the Goods and Your Payment for the Sale
May 8, 2013
In a recent bankruptcy case, the debtor bought goods from the vendor and paid the vendor $1.9 million for the goods. A court held that the vendor had to return those payments because the payments were not properly authorized by the bankruptcy court. The payments - for the purchase of inv... Read more >