Bankruptcy
Sep. 15, 2011
Avoiding avoidance: Keeping payments after client bankruptcy
If a client declares bankruptcy, you may be sued for the return of fee payments By William Faulkner and Tyler Atkinson of McManis Faulkner
Imagine you work hard for a corporate client, and get a great result. A month later, the client declares bankruptcy. Fortunately, all of your invoices have been paid up. Too bad for the client, but you're in the clear, right?
Wrong. If a client declares bankruptcy, you may be sued for the return of fee payments. This can happen even if at the time you performed work, you were unaware of your client's financ...
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