With the recent two year anniversary of the Collins & Aikman bankruptcy filing, the case has reached the point where hundreds of preference claims have been filed. C&A suppliers from all over North America have been sued for recovery of any payments the suppliers received in the 90 day period before the filing. Preference claims are particularly insulting because many suppliers suffered losses and wrote off amounts owed on the Chapter 11 filing date. Our firm is counsel to several suppliers and is defending multiple preference claims. Our attorneys have developed proven strategies for successfully defending preference claims and, when necessary, obtaining favorable compromises. Our Detroit office is one block from the Eastern District of Michigan Courthouse. We have an efficient staff, first rate technology and our hourly rates are reasonable. If we can be of assistance to former Collins & Aikman suppliers, please call J.P. Murphy in our Detroit office at 313-496-1200.
Collins & Aikman Bankruptcy Update