Preference Actions definition

Preference Actions means any and all avoidance, recovery or other actions or remedies that may be brought by and on behalf of the Debtors or their Estates under section 547 of the Bankruptcy Code.

Preference Actions means those avoidance actions provided for in section 547 of the Bankruptcy Code.

Preference Actions means any and all claims of the Debtors or their Estates that could be brought under section 547 of the Bankruptcy Code or, in the alternative, based upon the same underlying facts under section 544 or 548 of the Bankruptcy Code, and the right to recover on account of any such claim under section 550 of the Bankruptcy Code.

Examples of Preference Actions in a sentence

• Under a Liquidation scenario, the Company would pursue numerous potential Preference Actions to force recovery of certain payments from creditors that were made by the Company during the 90 day period prior to the Chapter 11 Filing.

• Upon certification by the Creditor Trustee that all Assigned Preference Actions and Disputed General Unsecured Claims have been concluded and all Creditor Distributable Assets distributed in accordance with the Plan, the Advisory Board shall be disbanded without need for further notice or action.

• The GUC Trust expressly reserves all rights to prosecute any and all Retained Preference Actions in accordance with the Plan.

• Any and all avoidance or equitable subordination or recovery actions under sections 105(a), 502(d), 510, 542 through 551 and 553 of, and otherwise under, the Bankruptcy Code or any similar federal, state or common law causes of action, including, without limitation, Preference Actions.

• Pursuant to section 1123(b) of the Bankruptcy Code and for good and valuable consideration on and after the Effective Date, the Debtor and the Estate waive and release all Preference Actions against holders of General Unsecured Claims.

More Definitions of Preference Actions

Preference Actions means any Causes of Action arising under section 547 of the Bankruptcy Code or similar preference-related actions arising under the Bankruptcy Code or applicable non-bankruptcy law.

Preference Actions means any and all claims and causes of action which any of the Debtors, the Debtors in Possession, the Estates, or other appropriate party in interest has asserted or may assert under sections 547 of the Bankruptcy Code.

Preference Actions means Avoidance Actions arising under section 547 of the Bankruptcy Code.

Preference Actions means any Cause of Action of the Debtors or the Reorganized Debtors under section 547 of the Bankruptcy Code.

Preference Actions means any and all Causes of Action which any of the Debtors or the Estates have asserted or may assert under section 547 of the Bankruptcy Code or any state law equivalent or, to the extent such Causes of Action arise solely in connection with claims under section 547 of the Bankruptcy Code, section 550 of the Bankruptcy Code.

Preference Actions means any and all actual or potential avoidance, recovery or related claims that may be brought by or on behalf of the Debtors or the Debtors’ Estates to avoid a transfer of property or an obligation incurred by the Debtors with respect to or concerning an entity or person that is not an Insider pursuant to Sections 547 and 550 of the Bankruptcy Code.

Preference Actions means any and all of the Debtor’s or the Estates’ avoidance actions and rights to recover transfers voidable or recoverable under Section 547 of the Bankruptcy Code against any Creditor or other third party.