What is Preference Analysis as it relates to Bankruptcy cases?
There is a section of the Bankruptcy Code that allows a debtor to avoid and take back payments made within 90 days prior to filing bankruptcy. The method for establishing which, if any, of the transfers made by a debtor, qualify for this is painstaking and tedious, tying up human resources for days.
Our alternative to this is an application that allows you to upload a ledger of transactions and get an answer within minutes. Is this a useful feature? We think that if you have acted as counsel in a BK action you already know the answer to this.