Texas Bankruptcy Preference Actions Lawyers
In simple terms, a preference action is a claim by a creditor that a debtor repaid another creditor preferentially, imminently prior to filing a discharge of debt under U.S. bankruptcy codes. These types of pre-filing payments may be considered fraudulent, and other creditors listed for dischargeable debts have the right to file preference actions to recover the payments. If successfully recovered, the debt will be open for objection to discharge by creditors.
It is unlawful for a bankruptcy debtor to transfer an asset with the sole purpose of avoiding the effects of bankruptcy against the asset. If you are a creditor who stands to lose money in a bankruptcy filing, we will examine the debtor's financial history, pre-bankruptcy filing transfers, and fight to recover fraudulently transferred assets.
If you are a creditor who stands to lose money in bankruptcy, our firm will examine the debtor's payment history to determine whether it is appropriate to file a lawsuit to reclaim the payment from the parties paid prior to the bankruptcy filing. Kerr, Hendershot & Cannon offers our clients more than 20 years of successful representation in creditors' rights actions, including:
- Preference actions, lawsuits against fraudulent transfers prior to bankruptcy
- Objections to discharge, complaints to detect discharge
- Exceptions to discharge
Representing Parties Sued for Preference Actions
We also have experience representing clients who have been paid by debtors but are facing preference actions against them by debtors or bankruptcy trustees. The suit seeks to recover the money the debtors were paid.
It's your money. You have rights as a creditor. Get straight answers about fraudulent transfers and/or preferential transfers. Deadlines in bankruptcy proceedings are critical. Don't delay talking to an experienced creditors' rights attorney. From our offices in Houston and Corpus Christi, we represent business creditors in bankruptcy courts throughout the United States. Contact us to arrange a consultation with an experienced Texas creditors' rights lawyer at our firm today.
