I know about the 'claw-back' rule. I worked for a company that went chapter 7 in 1982. The money remaining and assets were to be distributed equally amongst various vendors/creditors (I think to the tune of about 20 cents on the dollar. One Creditor didn't like the deal and objected. They proceeded to p*$$ away almost all of the pot trying to get vendors to repay what they had received 90 days prior to the filing. I'm didn't work. But lawyers got most of it.
The thing is that the court found that the company didn't favor anyone in his they paid people. Everyone was getting a little bit when possible. Nobody did anything wrong. Just a bad business climate.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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