Ninth Circuit Insulates Corporate Insider from Preference Liability

"A corporate insider who personally guaranteed" the debtor's loan was not liable on a bankruptcy trustee's preference claim when the corporate debtor repaid its lender, held the U.S. Court of Appeals for the Ninth Circuit on May 6, 2015. Here's an in-depth analysis of the ruling.

11 minute read October 01, 2015 at 11:39 AM
By
Michael L. Cook
Ninth Circuit Insulates Corporate Insider from Preference Liability

“A corporate insider who personally guaranteed” the debtor's loan was not liable on a bankruptcy trustee's preference claim when the corporate debtor repaid its lender, held the U.S. Court of Appeals for the Ninth Circuit on May 6, 2015.

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