Show navigation

Available in:

OnDemand Course

Bankruptcy Preferences

Gain an understanding of the best bankruptcy preference that correlates with specific client needs.

Preference law is controversial because it is designed to punish creditors which are paid in advance of a bankruptcy filing by that creditor's debtor. It's also extremely frustrating because it punishes creditors that are conscientious in being paid either out of economic necessity or company policy. This topic will explain strategies for creditors to proactively avoid a preference challenge, outline defenses, many of which are oftentimes overlooked, and educate debtors as to when preference recoveries can work to their benefit.

Runtime: 89 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Brief Introduction to Preference Law

  • Statutory Definition
  • General Defenses
  • Application in Chapter 7, Chapter 11, and Chapter 13
  • How Pursued

Potential Defenses

  • Insider vs. Non-Insider
  • Contemporaneous Exchange
  • Ordinary Course Transaction
  • New Value

Unusual Issues in Preference Litigation

  • Danger of Involuntary Cases
  • Domestic Relations Claims
  • Tax Claims
  • Determining When a Payment Is Actually Made
  • Collectability Issues

Debtor Strategies

  • Why a Chapter 7 Debtor May Want Preferences Recovered
  • When a Debtor Does Not Want to Be Facing a Preference Recovery
  • Benefits in Chapter 11 and Chapter 13
  • Potential 11 U.S.C. § 523 Issues
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on November 1, 2018.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Randy Nussbaum

Randy Nussbaum

Sacks Tierney P.A.

  • Shareholder with Sacks Tierney
  • More than 38 years of experience with complex bankruptcy protection (debtor and creditor), transaction and litigation matters
  • Certified Bankruptcy Specialist and a Certified Business Bankruptcy Specialist American Board of Certification
  • Received the Best Lawyers® 2019 Bankruptcy “Lawyer of the Year” award in Scottsdale
  • Frequent speaker and has written numerous publications
  • J.D. degree, Arizona State University; B.A. degree, cum laude, Arizona State University
  • Can be contacted at 480-212-1682 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 404477
Published 2018
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!