Can the Bankruptcy Trustee Take Back Transfers Made Before Filing Bankruptcy in Illinois?
In this article, we will explain the #Clawback Provision and preferential transfers in #Chapter7 #bankruptcy. A clawback provision is a contractual provision that allows one individual or entity to have the money returned to them that was paid to another individual or entity.
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O’Flaherty Law has convenient offices located in Davenport Iowa serving Iowa and the Quad cities and in Downers Grove, Elmhurst, Naperville, Tinley Park, St. Charles, and Lake in the Hills, Illinois, serving DuPage County, Will County, Cook County, Lake County and McHenry County. Its attorneys focus on providing quality legal work, above-and-beyond customer service, and affordable rates in the following practice areas: divorce & family law; estate Planning, wills & trusts; probate & estate administration; litigation, civil law & dispute resolution; business representation & corporate law; guardianship, elder law & special needs law; residential & commercial real estate law; immigration; bankruptcy; and DUI law and traffic & criminal defense.
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