Brooklyn New York Bankruptcy Trustee Actions Lawyers
Bankruptcy trustees are charged with protecting the assets of the bankruptcy estate. With this responsibility, they often are forced to sue those who have received property of the estate within the 90 day preference period or who have received assets through fraudulent conveyances, which deprive the bankruptcy estate of funds that could be distributed to other creditors.
When these matters arise, Rosenberg, Musso & Weiner work closely with the trustee and financial analysts and accountants in examining a party’s behavior. Our attorneys review the actions of debtors and creditors and represent standing trustees and private trustees in matters to recover property and assets of the estate. For experienced representation, contact the law office of Rosenberg, Musso & Weiner.
Preference Actions and Bankruptcy Trustees
Preference actions allow trustees to go back 90 days before a bankruptcy filing in order to recover monies paid to creditors at that time in what is considered a “voidable transfer.” This means the payment was for an “old bill,” the payment was not made in the ordinary course of business. Goods sold after the payment can be offset.
Obviously, companies are often reluctant to comply with requests to return funds, and trustees may have to resort to filing adversary proceedings. At Rosenberg, Musso & Weiner, our attorneys represent bankruptcy trustees in litigation related to preferences and defend companies sued for return of preference payments and we have a great deal of experience representing Trustees with these and any other type of bankruptcy litigation.
Contact Experienced Bankruptcy Trustee Attorneys
If you have questions regarding litigation or other legal issues bankruptcy litigation and prerogative of bankruptcy attorneys, contact the law office of Rosenberg, Musso & Weiner today. We can help you avoid further legal difficulties and complications that often arise in the course of your exercise of trustee responsibilities.