I once worked for a company that filed for bankruptcy. Any monies that vendors collected in the previous 90 days was subject to recall. Vendors got a letter similar to the one you are talking about. The reason is to prevent preferential treatment; in other words some people (perhaps 'friends' of the bankrupt company's accountants) got money before other more deserving. The money repaid to the court was lumped into a pool of money to pay off secured creditors first, and then vendors, if there was any left over. Usually there is darn little left at that point. I wonder if there might be exemptions for farmers who sold cattle.
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Today's Featured Article - A City Guy's First Tractor - by Fred Hambrecht. After living in apartments in Atlanta for more years than I care to remember, the wife and I decided to move to the country. Humming "Green Acres is the place for me..." we purchased a 29 acre tract about 60 miles south of Atlanta. Next came the house, I could talk about that ordeal for another two weeks... But, I want to talk about my tractor! We didn't even own a lawnmower, and all of a sudden we had enough grass to feed all the starving children of the bovine world. Naturally, I talked
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