Sears Bankruptcy Commences Preference Suits

According to Bloomberg, the Sears Holding bankruptcy estate estimates that they have filed or will be filing approximately 2000 preference recovery suits against vendors to claw-back payments made within 90 days of bankruptcy. It is further reported that the bankruptcy estate is seeking to implement streamlined procedures for the approximately 730 suits it recently filed. Attorneys at FactorLaw have substantial experience with preference recovery suits and are happy to discuss your options if you are facing such a suit.