Pendergraft & Simon, L.L.P. Legal Blog
How the Supreme Court helped affirm secured lender rights
Lending people money can be a great business model. You get to charge interest just because you had the financial resources someone else needed for a transaction. Most people do their best to repay their debts, so you can count on regular payments from most borrowers. Of course, lenders also take substantial risks by choosing…
Can you give preference to certain creditors in a bankruptcy?
If your company is struggling to stay afloat, you may start to think about filing for bankruptcy. When you look at the people you owe money to, you might feel more loyalty toward some than others. Yet, this does not mean you can play favorites when choosing who to pay. Section 547 of the Bankruptcy…
