Bankruptcy Update

Avoidance Actions Against Seller Void Purchased Bankruptcy Claims

Section 502(d) Disabilities Attach to and Travel With Bankruptcy Claims, Court Rules

, The Legal Intelligencer


In addition to adjudication of business restructurings or sales of businesses or assets, the administration of bankruptcy cases involves two substantial undertakings: the allowance and fixing of claims against the debtor and the recovery, or "avoidance," of prepetition transfers such as fraudulent transfers and preferences for the benefit of the estate.

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