Over their years of doing business, most suppliers of goods encounter situations involving distressed customers who have slid into bankruptcy.
The Mighty Sword of PACA in Bankruptcy
Special creditor protection is not located in title 11 of the United States Code; instead, one needs to refer to 7 U.S.C. '' 499a through 499t in order to discover the special protections set forth for "claims" arising under the Perishable Agricultural Commodities Act ("PACA").
By
Andrew L. Turscak, JR.This premium content is locked for The Bankruptcy Strategist subscribers only
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