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  1. #1
    Join Date
    Nov 2008
    Posts
    1

    Default Potential Preferential Payments

    My question involves bankruptcy in the state of: CA

    I'm a C Corp seeking to establish open terms with potential new account. They seem to be "OK" in terms of their credit worthiness. Is there any preemptive action to take now that would effectively avoid having to give back preferential payments in the event they go bankrupt? I'm only willing to sell them on a COD basis at this point.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Potential Preferential Payments

    Take a security interest in... something. And make sure it's properly recorded. I don't know enough about the situation to be more specific.

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