Stout Managing Director Neil Steinkamp has authored a second edition to his publication Understanding Ordinary: A Primer on Financial and Economic Considerations for the Ordinary Course Defenses to Bankruptcy Preference Actions. In addition to an overview of bankruptcy preference basics, detailed discussions of the ordinary course of business defense, and a legal note from an industry expert in nearly every chapter, this second edition includes:
- Updates to relevant cases and data sources
- A new chapter discussing the considerations and calculations associated with "new value" and its intersection with preference analysis
- An understanding of common issues in analyzing payment data - both by the parties and industry research sources
This book was published for the American Bankruptcy Institute.