At Lax & Neville LLP, in New York, we provide comprehensive representation to clients who have received preference demand letters from a bankruptcy trustee and who are now facing litigation. Preference litigation often involves disputes over the recovery of payments made to certain creditors by the debtor just prior to filing for bankruptcy.
If you have received a preference letter from a bankruptcy trustee or a representative for the Securities Investor Protection Corporation (SIPC), it is important to take swift action to protect your rights and interests. Contact us to schedule a free consultation with a securities law attorney.
Defense against recovery of preferential payments
Under the United States Bankruptcy Code, any payments made by the debtor within the preference period are subject to recovery. The preference period is comprised of the 90 days prior to the debtor filing for bankruptcy. A trustee attempts to recover the payments through clawback litigation or otherwise, he or she then proceeds with distributing the assets to the unsecured creditors.
Preference litigation is often associated with clawback litigation. However, preference litigation is actually a subset of the clawback issues. At Lax & Neville LLP, our lawyers have earned a reputation for providing a strong preference litigation defense.
Personalized preference defense
By New York standards, our firm is considered smaller. However, our size enables us to provide comprehensive and cost-effective representation to all of our clients. We take great pride in providing the personalized legal services that our clients need and deserve during these difficult times.
Contact Lax & Neville LLP for a free consultation with an experienced preference litigation defense lawyer. Serving clients nationwide in securities, employment, SIPC/bankruptcy, and investment law. Located on the corner of 41st Street & Broadway, New York, NY.